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In this tutorial, Kevin demonstrates 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 showcases an example document containing his income statement, which includes job income, YouTube revenue, expenses like credit card payments, mortgage, and student loans, demonstrating the kind of information that may warrant protection. He introduces the process of securing the document with a password to ensure confidentiality.