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In this tutorial, Kevin demonstrates how to password protect a Microsoft Word document using the latest version of Word from Office 365. He explains the importance of securing documents containing sensitive information, such as financial data. To illustrate, he opens a sample document that includes critical details like job income, YouTube revenue, and various expenses, including credit card bills and student loans. Kevin emphasizes the need for confidentiality regarding personal financial information and guides viewers through the process of adding a password to enhance document security.