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In this tutorial, Kevin demonstrates how to password protect an Excel spreadsheet to safeguard sensitive information, such as financial data. He emphasizes the importance of restricting access to prevent unauthorized users from viewing the data. Kevin works at Microsoft and is using the latest version of Excel from Office 365, but mentions that password protection has been available in older versions like 2013, 2016, and 2019. He prepares to show the process while working on a spreadsheet that contains important financial information, specifically an income statement related to his YouTube revenue.