An application deployed on a cloud virtual server requires interaction with object storage and a NoSQL database service. What is the recommended method to manage the application's service-specific permissions in accordance with best security practices that enforce minimal access rights?
Configure an account with administrative privileges and programmatically distribute its access keys across all server instances.
Create a role with the exact permissions required by the application and attach it to the virtual server.
Embed long-term security credentials in the source code of the application to authorize service interactions.
Utilize the cloud platform's root account to ensure uninterrupted access to necessary services.