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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 available through Office 365. He explains the importance of securing sensitive information in documents, such as critical financial data. Kevin shows an example of his income statement, which includes details like job income, YouTube revenue, various expenses including credit card payments, mortgage, and student loans, and provides an overview of total revenue and expenses. This highlights the need for password protection to prevent unauthorized access to personal financial information.