Final answer:
The statement is true; enabling advanced xFi security settings helps protect all devices on a network from malware, spyware, and phishing by using updated threat databases.
Step-by-step explanation:
The statement is True. When the advanced xFi setting is enabled, it can significantly reduce the risk of accessing known sources of malware, spyware, and phishing across all devices that are connected to your home network. This setting usually includes security features that actively monitor and block potentially dangerous websites and downloads. It works by using constantly updated databases of known threats to prevent devices on your network from connecting to malicious sites. This proactive measure is effective in bolstering your network's security and protecting your personal data from cyber threats.