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In this video tutorial, Kevin, who works at Microsoft, explains how to password protect a Microsoft Word document using the latest version of Word from Office 365. He highlights the importance of securing critical information, such as sensitive financial data, which he uses as an example. Kevin shows his income statement in the document, detailing sources of income like job earnings and YouTube revenue, along with various expenses, including credit card bills, mortgage, and student loans. The tutorial aims to guide viewers on protecting their documents to prevent unauthorized access to sensitive information.