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In this video tutorial, Kevin, who works at Microsoft, demonstrates how to password protect a Microsoft Word document using the latest version available with Office 365. He explains the importance of this feature, particularly for securing sensitive information, like personal financial data. To illustrate, Kevin shares a sample income statement that includes details such as job income, YouTube revenue, credit card payments, mortgage, and student loans. He emphasizes that password protection is essential for safeguarding critical information from unauthorized access.