A company uses Amazon EC2 instances and Amazon Elastic Block Store (Amazon EBS) to run its self-managed database. The company has 350 TB of data spread across all EBS volumes. The company takes daily EBS snapshots and keeps the snapshots for 1 month. The daily change rate is 5% of the EBS volumes.
Because of new regulations, the company needs to keep the monthly snapshots for 7 years. The company needs to change its backup strategy to comply with the new regulations and to ensure that data is available with minimal administrative effort.
Which solution will meet these requirements MOST cost-effectively?