Final answer:
The statement is true; Azure Storage accounts automatically create at least three copies of all stored data using the LRS replication strategy.
Step-by-step explanation:
The statement that data stored in an Azure Storage account automatically has at least three copies is true. This replication strategy is known as Locally Redundant Storage (LRS) and is the default replication method for any data written into Azure Storage. With LRS, Azure Storage automatically creates three copies of your data, storing all copies in a single data center, in the same region, on different fault domains and upgrade domains. This replication ensures that your data is durably stored and is protected from normal hardware failures. There are also other replication options available in Azure including Geo-Redundant Storage (GRS) and Zone-Redundant Storage (ZRS) which provide higher levels of data durability and availability.