A financial services company must retain log data for 1 year.

Comprehensive and Detailed Explanation:

To ensure that log files are immutable and cannot be deleted or overwritten for a specified retention period, Amazon S3 offers Object Lock in Compliance Mode. When enabled:

Compliance Mode: Ensures that a protected object version can't be overwritten or deleted by any user, including the root user in your AWS account, for the duration of the retention period. AWS Documentation

S3 Versioning: Must be enabled on the bucket to use Object Lock. This allows multiple versions of an object to be stored, ensuring that previous versions are preserved and protected. Amazon Web Services, Inc.

By enabling S3 Versioning and applying Object Lock in Compliance Mode with a 1-year retention period, the company can meet regulatory requirements to retain log data securely and prevent any modifications or deletions during that time.