A company needs to comply with regulatory requirements to keep all financial data for long periods of time. What should the company implement?

Data backups are designed for short- to medium-term recovery from data loss or corruption and are not intended for long-term regulatory retention or immutable record-keeping.

Snapshots are point-in-time copies used for rapid recovery from recent changes or errors and are typically retained for only short durations before being overwritten.

Tape rotations are a backup media management strategy that cycles tapes in and out of storage but does not itself constitute a compliant long-term archive solution.

Data archives are specifically designed for long-term retention of data that must be preserved for compliance, legal, or regulatory requirements, storing records in a stable and often immutable format. Unlike backups, archives are intended as a permanent or semi-permanent repository where data is retained for defined periods and can be retrieved for audits or legal discovery.