A company hosts an application on AWS and has generated approximately 2.

The requirements combine long-term, low-cost storage with retrieval within minutes, which narrows the viable storage classes significantly. Amazon S3 Glacier Flexible Retrieval is designed for exactly this use case: infrequently accessed data that must still be retrievable quickly.

Option C provides substantially lower storage cost than EBS snapshots or EFS while supporting expedited retrievals, which can return data within minutes when required for audits. This meets both the cost and retrieval time constraints. Glacier Flexible Retrieval also integrates seamlessly with S3 lifecycle policies, enabling automated transitions from EBS snapshots or S3 Standard to archival storage.

Option A (EBS snapshots) provides durability but is more expensive for long-term storage at this scale. Option B (Glacier Deep Archive) is cheaper but does not meet the retrieval requirement, as restore times are measured in hours, not minutes. Option D (EFS) is a high-performance file system and is the most expensive option for long-term backups.

Therefore, C is the correct choice because it balances cost efficiency, durability, and audit-friendly retrieval times, aligning with AWS storage best practices for compliance-driven archival data.