A software development company is using serverless computing with AWS Lambda to build and run applications without having to set up or manage servers. They have a Lambda function that connects to a MongoDB Atlas, which is a popular Database as a Service (DBaaS) platform and also uses a third party API to fetch certain data for their application. One of the developers was instructed to create the environment variables for the MongoDB database hostname, username, and password as well as the API credentials that will be used by the Lambda function for DEV, SIT, UAT, and PROD environments.
Considering that the Lambda function is storing sensitive database and API credentials, how can this information be secured to prevent other developers in the team, or anyone, from seeing these credentials in plain text? Select the best option that provides maximum security.