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Security report for bvb.ro

Bursa de Valori Bucuresti · Finance · Romania

Low risk. 1 critical or high finding in SSL/TLS.

Security score

77/100

Risk levelLow

0–100, higher is better. How it is calculated

Bursa de Valori Bucuresti (BVB) is the primary stock exchange in Romania, operating since 2001. It serves as a competitive capital market platform in Central and Eastern Europe, providing financing instruments for companies and investment opportunities for institutional and retail investors. The website reflects a mature digital presence with comprehensive market data, investor relations, and corporate information. Technically, the site is built on ASP.NET WebForms with modern enhancements such as jQuery and Bootstrap, though some legacy aspects remain. Security posture is solid with HTTPS enforcement and basic protections, but lacks explicit published security policies or incident response contacts. Privacy and cookie policies are implemented with GDPR compliance indicators. Overall, the site is professional, trustworthy, and well-aligned with its business objectives.

Scanned

NIS2 and GDPR posture

GDPR outside view
83/ 100 · Low
Checks completed
7of 7

NIS2 Art. 21(2)

  1. (a) Risk analysis and security policies: Not visible from outside
  2. (b) Incident handling: One indicator
  3. (c) Business continuity, backups and crisis management: Not visible from outside
  4. (d) Supply chain security: Not visible from outside
  5. (e) Secure acquisition, development and maintenance, including vulnerability handling: Partly checked
  6. (f) Assessing the effectiveness of security measures: Not visible from outside
  7. (g) Cyber hygiene and security training: Not visible from outside
  8. (h) Cryptography and encryption: Partly checked
  9. (i) HR security, access control and asset management: One indicator
  10. (j) Multi-factor authentication and secured communications: Not visible from outside

This scan rated NIS2 with an earlier keyword method that is no longer shown; rescan for the per-article view. Risk management, continuity, supply chain, training, MFA, management oversight (Art. 20) and incident reporting (Art. 23) need internal evidence, and Guard cannot tell whether NIS2 applies to this organisation.

GDPR is indicative only, based on publicly visible signals: Articles 7, 12, 13 and 32 of Regulation (EU) 2016/679 and Article 5(3) of the ePrivacy Directive. Not a certification or legal assessment.

Priority findings

1 finding rated critical or high. Fix these first.

  1. SSL/TLS

    TLS encrypts the connection and proves the site is really yours. Weak or expiring certificates trigger browser warnings and put traffic at risk.

    • High

      Weak Protocols Supported

      Server supports weak protocols: TLSv1.1

      What to do: Disable TLS 1.0, TLS 1.1, and all SSL versions

      • CWE-327
      • OWASP A04:2025
      • ASVS V12.1.1

Need hands-on remediation? Email guard@offseq.com

Keep watching bvb.ro

This scan found 20 issues across 6 checks. Monitoring re-runs those checks daily, emails you when something material changes and records each fix, so you can show progress.

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  • TLS certificates and expiry
  • DNS records
  • SPF, DKIM and DMARC
  • Security headers
  • GDPR and NIS2 posture
  • Exposed services
  • Third-party trackers
  • Security score drift

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Results by check

Each check with its score, findings and the evidence it collected.

How this score is calculated

The security score runs 0–100, higher is better. It is the plain average of the security checks that completed in this scan, each counted equally. A check that could not run is left out: it counts neither as a pass nor as a fail.

Counted in this score

SSL/TLS
67
Security headers
80
Email security
70
DNS health
60
Network security
100
GDPR outside view
83
Average
77

Not counted

  • NIS2 outside view: Re-weights evidence from the TLS, email, DNS, network and hygiene checks, so counting it would count that evidence twice. Shown on its own.
  • OffSeq Observations: An AI reading of the site, useful context but not reproducible evidence. Shown on its own.

Findings that cap the score at 49

Each of these is serious on its own, so while any is present the site cannot rate better than high risk, however good the other checks are.

  • The certificate is not trusted by browsers
  • The website is not served over HTTPS
  • A database, remote desktop, file-sharing or Telnet service is reachable from the internet
  • The page loads a script from a compromised source
  • The domain registration has expired
  • SPF authorises every server to send mail as the domain

Partial scans

When the site blocks Guard or most checks cannot run, the score covers only the checks that ran (usually DNS and email), is capped at 75 and is shown as partial, without a risk level.

Risk levels

  • Critical0–25
  • High26–49
  • Medium50–75
  • Low76–100

Technical appendix

Business context, site observations and technical notes gathered during the scan, and the standards behind each reference.

Business context

Business profile

BVB holds a strong market position as Romania's capital market operator, offering primary and secondary market services including equities, bonds, and fund units. It targets companies seeking capital and investors looking for diversified financial instruments. The business model includes market operation, data vending, index licensing, and connectivity services. Partnerships with entities like Depozitarul Central and subsidiaries such as BVBArena and BVBResearchHub enhance its ecosystem. The website content and structure support investor education, transparency, and market engagement, indicating a strategic focus on growth and market development.

Security posture

The website demonstrates a moderate to good security maturity level with HTTPS enforced and use of CAPTCHA for form submissions. However, it lacks visible advanced security headers and does not publish a dedicated security policy or incident response information. No vulnerabilities or exposed sensitive data were detected in the content. The presence of ISO 27001 certification references indicates organizational commitment to information security standards. To improve, BVB should consider publishing explicit security policies, incident response contacts, and implementing additional HTTP security headers.

Recommendations

  1. Publish a dedicated security policy and incident response contact information on the website.
  2. Implement and enforce HTTP security headers such as Content-Security-Policy, X-Frame-Options, and X-Content-Type-Options.
  3. Add a security.txt file to facilitate vulnerability disclosures and improve transparency.
  4. Enhance mobile optimization and accessibility features to improve user experience across devices.
  5. Regularly audit third-party scripts and dependencies to mitigate potential vulnerabilities.
Site observations

Automated reading of the public site. Ratings are indicative.

Business

Company
Bursa de Valori Bucuresti
Description
Bursa de Valori Bucuresti (BVB) construieste in prezent o piata competitiva in Europa Centrala si de Est. Misiunea noastra este de a transforma piata de capital locala intr-un instrument activ de finantare a economiei romanesti. Bursa e pentru oameni!
Key services
Piata Principala si Piata AeRO pentru actiuni si obligatiuni, Servicii de tranzactionare si statistici, Servicii pentru companii si investitori, Vanzare date si licentiere indici, Conectivitate si platforme de tranzactionare
Content quality
good
Branding
consistent

Technology

Stack
ASP.NET WebForms, jQuery 3.6.0, Bootstrap, Google Tag Manager, Druid Webchat
Frameworks
ASP.NET, Bootstrap
Platforms
Windows Server (implied by ASP.NET WebForms usage)
Performance
moderate
Mobile
basic
Accessibility
basic
SEO
good

Security

Observed score
80/100
Good practices seen
  • HTTPS enforced
  • No exposed sensitive data in HTML
  • Use of CAPTCHA in newsletter subscription
  • Cookie consent banner implemented

Analytics and tracking

Services
Google Analytics, Google Tag Manager
Tracking level
moderate
Privacy practices
good

Advertising

Ad networks
Google Ads
Marketing tools
Druid Webchat
Transparency
good

Site quality

Design
good
User experience
good
Content relevance
good
Navigation
good
Professionalism
good
Trustworthiness
high

Key observations

  1. Website is professionally designed and content-rich.
  2. Clear focus on Romanian capital market and investor relations.
  3. Active social media integration and marketing tools used.
  4. Good privacy and cookie policy implementation.
  5. No signs of malicious or suspicious activity.
  6. Use of ASP.NET WebForms indicates legacy technology but well maintained.
  7. No explicit security policy or incident response info publicly available.
  8. No phone numbers explicitly labeled as company contacts found.
  9. Newsletter subscription uses CAPTCHA for spam protection.
Technical notes

Notes

The website is built on a legacy ASP.NET WebForms platform enhanced with modern JavaScript libraries like jQuery and Bootstrap for UI responsiveness. It integrates Google Analytics and Tag Manager for tracking and marketing purposes, along with a third-party chatbot service (Druid Webchat). Performance is moderate with some room for optimization, especially in mobile responsiveness and accessibility. The site uses a cookie consent mechanism compliant with GDPR. Hosting details are not explicit but likely Windows-based given the technology stack. Overall, the technical infrastructure supports the business needs but could benefit from modernization and enhanced security controls.
Standards and sources

Reference chips under each finding point to the standard, regulation or specification the finding relates to. They are taken from the official datasets below and mapped conservatively: a finding with no defensible link shows none. NIS2 and GDPR references mark where a finding is relevant evidence, not a compliance verdict. Implementing Regulation (EU) 2024/2690 binds digital infrastructure and digital service providers; for other entities it is the most detailed public reading of the Article 21 measures. WCAG, EN 301 549, European Accessibility Act and Web Accessibility Directive references name the requirement an automated accessibility rule relates to; they are not a conformance verdict.

Retrieved 2026-10-25

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