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In this video tutorial, Kevin demonstrates how to password protect a Microsoft Word document. Working at Microsoft, he explains that this feature is useful for securing sensitive information, such as critical financial data, which he illustrates using an example income statement detailing job income, YouTube revenue, and various expenses like credit cards, mortgages, and student loans. Kevin emphasizes the importance of protecting such documents to prevent unauthorized access. He opens Microsoft Word (part of Office 365) on his desktop, preparing to guide viewers through the steps to enable password protection for their documents.