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In this video tutorial, Kevin from Microsoft demonstrates how to password protect a Microsoft Word document using the latest version included in Office 365. He discusses the importance of protecting sensitive information, like personal financial data detailed in his income statement. Kevin shares specifics about his income sources, including job and YouTube revenue, as well as his monthly and yearly expenses related to credit cards, mortgages, and student loans. The tutorial emphasizes the need for security in handling critical information before proceeding with the password protection steps.