The FIRST step in developing an information security strategy is to perform a gap analysis based on the current state of the organization's information security posture. A gap analysis is a systematic process of comparing the current state with the desired state and identifying the gaps or deficiencies that need to be addressed. A gap analysis helps to establish a baseline for the information security strategy, as well as to prioritize the actions and resources needed to achieve the strategic objectives. A gap analysis also helps to align the information security strategy with the organizational goals and strategies, as well as to ensure compliance with relevant standards and regulations. References = CISM Review Manual, 16th Edition, page
331; CISM Review Questions, Answers & Explanations Manual, 10th Edition, page 162 first step in developing an information security strategy is to conduct a risk-aware and comprehensive inventory of your company's context, including all digital assets, employees, and vendors. Then you need to know about the threat environment and which types of attacks are a threat to your company1. This is similar to performing a gap analysis based on the current state3.