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Security report for excap.lv

Expansion Capital · Finance · Latvia

High risk. 8 critical or high findings in GDPR outside view, Security headers and 2 other checks.

Security score

48/100

Risk levelHigh

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

Expansion Capital is a Latvian investment fund specializing in providing capital to local companies with a focus on export-oriented and high-growth potential businesses. The website presents clear information about their investment funds, historical investments, and current fund offerings. The business model revolves around equity and mezzanine financing, targeting startups and growth-stage companies. The partnership with Altum, a Latvian development finance institution, adds credibility to their market position. Technically, the website uses legacy jQuery and lacks modern security headers, indicating room for improvement in security and technical modernization. No privacy or cookie policies were found, which may impact compliance with GDPR regulations. Overall, the website is professional and informative but would benefit from enhanced security measures and privacy compliance to improve trust and reduce risk.

Scanned

NIS2 and GDPR posture

GDPR outside view
25/ 100 · Critical
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

8 findings rated critical or high. Fix these first.

  1. GDPR outside view

    These are the privacy signals visitors and data protection authorities look for under GDPR.

    • Critical

      EU business without adequate privacy measures

      EU businesses are subject to strict GDPR requirements

      What to do: Implement comprehensive GDPR compliance including privacy policy, cookie consent, and data protection measures

    • High

      No Privacy Policy found

      GDPR requires a clear and accessible privacy policy

      What to do: Add a comprehensive privacy policy page and link to it prominently

    • High

      No Cookie Policy found

      GDPR requires clear information about cookie usage

      What to do: Add a dedicated cookie policy explaining cookie usage and purposes

    • High

      No Cookie Consent Banner found

      GDPR requires explicit consent for non-essential cookies

      What to do: Implement a cookie consent banner that appears on first visit

  2. Security headers

    Security headers are instructions your web server sends to every visitor’s browser. Missing ones leave visitors more exposed to attacks such as clickjacking and injected scripts.

    • High

      Missing Content-Security-Policy header

      Controls resources the browser is allowed to load

      What to do: Implement a Content-Security-Policy appropriate for your application

      • ASVS V3.4.3
      • OWASP Secure Headers: OWASP Secure Headers Project recommends Content-Security-Policy: default-src 'self'; form-action 'self'; base-uri 'self'; object-src 'none';…

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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
42
Security headers
50
Email security
70
DNS health
60
Network security
40
GDPR outside view
25
Average
48

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

The company operates in the finance sector as an investment fund with a medium-sized footprint in Latvia. Their competitive advantage lies in targeted investments in export-oriented companies and seed to growth-stage startups. The business model is fund-based, managing multiple funds with specific investment ranges. The partnership ecosystem includes Altum, enhancing their credibility and reach. The website content is focused on business clients and investors, with no consumer-facing e-commerce or direct sales. Growth indicators include the establishment of new funds and historical investment volume. The lack of detailed financial disclosures or certifications on the website suggests a conservative public profile.

Security posture

The website currently exhibits a basic security posture with HTTPS assumed but not confirmed, no visible security headers, and use of an outdated jQuery version which may expose vulnerabilities. There is no evidence of incident response contacts or security policies published. The absence of privacy and cookie policies indicates potential GDPR compliance gaps. No forms or user input fields reduce attack surface but also limit user engagement. Overall, the security maturity is low to moderate, with recommendations to implement security headers, update libraries, and publish privacy and security policies to enhance trust and compliance.

Recommendations

  1. Implement and enforce HTTPS with HSTS to secure all communications.
  2. Add comprehensive privacy and cookie policies to comply with GDPR and inform users.
  3. Upgrade jQuery and other libraries to current supported versions to mitigate vulnerabilities.
  4. Deploy security headers such as Content-Security-Policy, X-Frame-Options, and X-Content-Type-Options.
  5. Publish incident response and vulnerability disclosure contacts to improve transparency and readiness.

Contact details published on the site

Addresses
Site observations

Automated reading of the public site. Ratings are indicative.

Business

Company
Expansion Capital
Description
Expansion Capital AIFP invests in Latvian companies with capital participation from 10% to 49%, focusing on export-oriented businesses with high growth potential. They manage funds such as INEC1 AIF and INEC2 AIF targeting investments from seed to growth stages.
Key services
Equity investments, Mezzanine financing, Fund management
Content quality
good
Branding
consistent

Technology

Stack
jQuery 1.10.2
Performance
moderate
Mobile
good
Accessibility
basic
SEO
basic

Security

Observed score
40/100

Analytics and tracking

Tracking level
minimal
Privacy practices
poor

Advertising

Transparency
poor

Site quality

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

Key observations

  1. Website is fully accessible with no blocking or WAF challenges.
  2. No privacy, cookie, or terms of service policies found on the homepage.
  3. Contact information is clearly provided in the footer including email, phone, and physical address.
  4. No forms detected on the homepage; no data collection observed.
  5. Minimal external links; only one partner domain (altum.lv) linked.
  6. Uses outdated jQuery version which may pose security risks.
  7. No analytics or tracking scripts detected.
  8. No social media links found.
  9. No security headers detected in provided data; SSL status unknown.
  10. Content is professional and business-oriented with no adult or questionable content.
Technical notes

Notes

The website uses a simple technology stack primarily based on jQuery 1.10.2, which is outdated and may pose security risks. No CMS or advanced frameworks detected, indicating a custom or lightweight implementation. Performance is moderate with basic mobile optimization and accessibility features. SEO is basic with minimal meta tags and no structured data or Open Graph tags found. The hosting provider and SSL configuration details are not available from the provided data. There is an opportunity to modernize the technical infrastructure by adopting newer frameworks, improving SEO, and enhancing accessibility and performance.
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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