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Security report for icmagroup.org

The International Capital Market Association · Finance · N/a

Medium risk. 5 critical or high findings in Security headers and SSL/TLS.

Security score

68/100

Risk levelMedium

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

The International Capital Market Association (ICMA) is a well-established global association representing financial institutions active in the international capital markets. The website clearly targets financial professionals and institutions, providing market standards, education, and research services. The business model is membership-based, focusing on advocacy and market development. The site is professionally designed with consistent branding and good content quality, reflecting a large organization in the finance sector. Technically, the website is built on the SilverStripe CMS platform, utilizing modern web technologies including jQuery, Google Tag Manager, and Cookiebot for consent management. The site is mobile-optimized and performs moderately well, with good SEO and accessibility features. The presence of a cookie consent mechanism and use of HTTPS indicate a mature digital infrastructure. From a security perspective, the site enforces HTTPS and uses cookie consent to comply with privacy regulations. However, security headers are not explicitly detected, and no public security or incident response policies are found. No vulnerabilities or exposed sensitive data were identified in the HTML content. The WHOIS data is unavailable due to privacy protection, which is common and justified for organizations in this sector. Overall, the website presents a low-risk profile with strong business credibility and good privacy compliance. Strategic improvements include adding security headers, publishing security policies, and enhancing accessibility. These steps would further strengthen the security posture and trustworthiness of the site.

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

5 findings rated critical or high. Fix these first.

  1. 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 Strict-Transport-Security header

      Forces HTTPS connections

      What to do: Add "Strict-Transport-Security: max-age=31536000; includeSubDomains; preload"

      • CWE-319
      • OWASP A04:2025
      • ASVS V3.4.1
    • High

      Missing X-Frame-Options header

      Prevents clickjacking attacks

      What to do: Add "X-Frame-Options: DENY" or "X-Frame-Options: SAMEORIGIN"

    • 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';…

  2. 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
    • High

      SSL Certificate Expires Soon

      SSL certificate expires in 24 days

      What to do: Renew SSL certificate before expiration

      • NIS2 21(2)(h)
      • IR 2024/2690 9.2(c): Implementing Regulation (EU) 2024/2690, Annex point 9.2(c): Cryptography
      • NIST SC-17: NIST SP 800-53 Rev. 5 SC-17: Public Key Infrastructure Certificates

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

Keep watching icmagroup.org

This scan found 24 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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Recommended

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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
52
Security headers
15
Email security
80
DNS health
80
Network security
100
GDPR outside view
83
Average
68

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

ICMA occupies a strong position in the international finance market as a representative body for capital market participants. Its competitive advantage lies in its global membership base and role in setting market standards. The business model is focused on membership services, education, and advocacy. Revenue streams likely include membership fees, event sponsorships, and publication sales. The target customer segments are financial institutions, regulators, and market participants worldwide. Growth indicators include active use of digital tools and partnerships with major platforms like Google and Microsoft. The partnership ecosystem includes major technology and social media companies, enhancing outreach and marketing capabilities. The organization's operations reflect a mature, professional association with a global footprint.

Security posture

The website demonstrates a moderate to good security maturity level. HTTPS is enforced, and cookie consent mechanisms are implemented to comply with GDPR and other privacy regulations. No critical vulnerabilities or exposed sensitive data were found. However, the absence of key security headers such as Content-Security-Policy and HSTS reduces the overall security posture. There is no publicly available incident response or vulnerability disclosure information, which limits transparency. Data protection practices appear adequate but could be enhanced by publishing explicit security policies and contact channels for incident reporting. The security culture is implied to be professional but could benefit from greater public communication of security measures.

Recommendations

  1. Implement and enforce security headers including Content-Security-Policy, X-Frame-Options, and HSTS.
  2. Publish a clear security policy and incident response plan accessible on the website.
  3. Regularly audit and update third-party scripts to mitigate vulnerabilities.
  4. Enhance accessibility features to improve compliance and user experience.
  5. Increase transparency by providing contact channels for security incidents and vulnerability disclosures.
Site observations

Automated reading of the public site. Ratings are indicative.

Business

Company
The International Capital Market Association
Description
The International Capital Market Association (ICMA) represents financial institutions active in the international capital market worldwide.
Key services
Representation of financial institutions, Market standards and best practices, Education and events, Research and publications
Content quality
good
Branding
consistent

Technology

Stack
SilverStripe CMS, jQuery, Google Tag Manager, Cookiebot
Frameworks
SilverStripe
Performance
moderate
Mobile
good
Accessibility
basic
SEO
good

Security

Observed score
80/100
Good practices seen
  • HTTPS enforced
  • Cookie consent banner with granular controls
  • No exposed sensitive data in HTML

Analytics and tracking

Services
Google Analytics, Microsoft Power BI
Tracking level
moderate
Privacy practices
good

Advertising

Ad networks
Meta Platforms, Inc., Google
Tracking pixels
Facebook Pixel, Twitter tracking
Marketing tools
Cookiebot
Transparency
good

Site quality

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

Notes

The website is built on the SilverStripe CMS, a modern and flexible platform suitable for enterprise-level content management. It uses jQuery and Google Tag Manager for analytics and marketing integration, along with Cookiebot for GDPR-compliant cookie management. The site loads external fonts from Google Fonts and uses CDN-hosted libraries for performance. The technical infrastructure supports mobile responsiveness and moderate performance. There is no explicit hosting provider identified from the HTML content. The site could improve by optimizing performance further and enhancing accessibility compliance. Technical risks are low but include reliance on multiple third-party scripts which require ongoing security monitoring.
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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