Final answer:
Without explicit confirmation from Continuity247, it's misleading to say AES-256 bit encryption is used only for data in transit, as this level of encryption is also typically used for data at rest.
Step-by-step explanation:
The statement that AES-256 bit encryption is used to encrypt all data in transit only for Continuity247 may not be entirely accurate without further context. While AES-256 encryption is indeed a robust encryption standard that can be used to secure data during transmission, it's also possible and quite common to use this level of encryption to protect data at rest. To asses if the statement is true or false, one would need specific information about the security measures implemented by Continuity247.
If Continuity247 claims to use AES-256 encryption for only data in transit, it suggests that data at rest might utilize a different form of encryption or, in some cases, may not be encrypted at all. It is important for services that handle sensitive data to employ encryption both in transit and at rest to maintain high security standards. Therefore, without explicit clarification that the encryption applies to data at rest as well, the statement would likely be false.