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In this tutorial, Kevin demonstrates how to password protect a Microsoft Word document using Office 365. He begins by explaining the importance of securing sensitive information, such as critical financial data. Kevin opens the latest version of Word on his desktop and uses his income statement as an example, which includes various revenue sources like job and YouTube income, along with expenses such as credit card bills, mortgage, and student loans. He emphasizes that password protection is essential to prevent unauthorized access to private information contained in documents.