The correct order of steps to analyze the attack surface begins with identifying the indicators of exposure. This step involves recognizing the elements within the system that could potentially be exploited by threats. Following this, the attack surface is visualized to understand the scope and scale of potential attack vectors. Next, a simulation of the attack is conducted to assess the effectiveness of the current security measures and identify any vulnerabilities. Finally, the attack surface is reduced by implementing measures to mitigate the identified risks and vulnerabilities, thereby enhancing the overall security posture.

References: This sequence ensures a structured approach to security analysis and is in line with best practices for attack surface analysis as outlined in various cybersecurity frameworks and guidelines1.