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In this tutorial, Kevin explains how to password protect an Excel spreadsheet, highlighting the importance of safeguarding sensitive information, such as financial data, from unauthorized access. He notes that password protection has been available in Excel for various versions, including Office 365, 2019, 2016, and 2013. Kevin, a Microsoft employee, begins by demonstrating the process using the latest version of Excel, ensuring viewers understand that users with recent versions should also be able to follow along. He opens an Excel file containing critical financial data as an example.