What the Encrypt button in Outlook does for a password
Outlook for Microsoft 365 has an Encrypt option under the Options tab. It uses Microsoft 365 Message Encryption, which can also stop forwarding, and it works best when the recipient is also on Microsoft 365; other recipients read the message through a web portal after signing in or using a one-time passcode. Outlook can also use S/MIME when both sides have certificates. Either way, the password stays in the mailbox, readable to anyone who later signs in as the recipient, for as long as the message exists.