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In this tutorial, Kevin, an employee at Microsoft, demonstrates how to password protect a Microsoft Word document using the latest version of Word in Office 365. He emphasizes the importance of securing sensitive information, such as financial data, which he illustrates with a sample income statement detailing job income, YouTube revenue, and various monthly and yearly expenses like credit card bills, mortgages, and student loans. Kevin's goal is to guide viewers through the process of safeguarding critical documents to prevent unauthorized access.