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Doesn protecting the add-in with a password help keep it secure?

April 26, 2017add-in help password Protecting Secure

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Doesn protecting the add-in with a password help keep it secure?

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You can password protect add-in files, but whoever uses the add-in must know the password in order to open the file. And if the XLA add-in file can be opened, someone who knows the secrets can probably convert it back to an XLS file.