Your team is enhancing the security of your company's application by moving sensitive environment configurations out of the codebase. They need a solution that allows easy updates to these settings as business requirements evolve, without necessitating a new deployment of the application stack. Which service should they implement for storing and retrieving these settings while ensuring sensitive information is encrypted and access is controlled?
Function-as-a-Service environment variables
Systems Manager Parameter Store
Simple Storage Service (S3) with custom encryption
Elastic Compute Cloud (EC2) instance metadata