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In this tutorial, Kevin, a Microsoft employee, explains how to password protect a Microsoft Word document using Office 365. He emphasizes the importance of securing sensitive information, such as financial data, to prevent unauthorized access. Kevin uses his income statement as an example, highlighting various income sources like job salary and YouTube revenue, as well as documenting expenses such as credit card bills, mortgage payments, and student loans. He suggests that password protection is essential for safeguarding critical information contained in documents.