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In this video tutorial, Kevin, an employee at Microsoft, demonstrates how to password protect a Microsoft Word document using Office 365. He emphasizes the importance of securing sensitive information, such as financial data, from unauthorized access. Kevin showcases his personal income statement, detailing various revenue sources, including job income and YouTube earnings, as well as monthly and yearly expenses like credit cards, mortgage, and student loans. The tutorial aims to guide users in safeguarding critical documents by setting a password to limit access.