NetBIA – fiction or guarantee?

The certificates of so-called NetBIA (net-eye-bee-ay - Internet Business Authority), gained much popularity and recognition recently. However, at the same time, as soon as several noticeable programs, having this certificate, fell down, as many others, many investors started to hesitate whether this certificate is really worth something. That is why we decided to devote an article to these lads to clear up what NetBIA is and if they are worth confidence.

The major problem of the swindlers in the Internet in all times reduced to the attempts to convince users that the information presented by the company is relevant. This refers not only to the essence of company activity (if we mean HYIP), but to other data, including the names of administration staff, real company registration, and documentation, the samples of which often can be found at site`s pages. This refers to any kind of references.

With the development of HYIP market all these characteristics that earlier helped to prove the legitimacy of the company, now are nothing more than the points, which mark the presence of imagination of the program’s authors, rather than the rate of confidence towards these authors.

Surely, it happened because within the course of development the authors of many programs, which are designed to cheat, learnt or found the possibility to fake or avoid all these documents, references and other details that may seem important at first glance. The other question is that they manage to lie; they always lied, but now it became more habitual to hide the real address of the company.

Thus, NetBIA- The Internet Identity Bureau, appeared as the opposition to this tendency. It deals with checking out all these addresses, phone numbers, faxes etc and issues a certificate, proving that all these data are relevant. It looked like the panacea for major problems that user face appeared, but the situation appeared to be more complex, and the floodgate of cheating programs, possessing the NetBIA certificates undermined NetBIA's authority.

It happened mainly due to the non-understanding the technology of the functioning of this organization, positioning itself as an independent party. Investors paid attention to the cost of certificate – not more than $20, to the number of swindlers with the certificates and stated that this is the same fraud as all these companies, possessing certificate, that appeared to be swindlers. But what were you waiting for?

Investors must have been waiting that NetBIA would really provide for the confirmation of the data that are indicated at sites. The relevance is the matter that investors cannot recognize, and this is the main mistake. NetBIA only checks out the existence of the addresses, phone numbers, and facts. The certificate doesn`t say that this company is situated on this address, this certificate says that this address is real, and according to information received this company is situated there. The same refers to postal addresses and even private postal addresses, also observed by NetBIA.

What is the essence of “The Internet Identity Bureau” activity? It is quite simple. After free registration at their site any user, paying for the order via StormPay (which appears to be a part of the checking out, because it proves that the documentation is OK), receives the opportunity to check out the information according to the following issues, that are indicated at the title page of NetBIA and are the key issues: Internet Protocol Address to location- NetIBA insures that the IP address used to register for validation resolves to the location of the individual or merchant desiring validation.

Phone Match - NetIBA does several references including a personalized phone call to the phone number(s) submitted to insure the merchant or individual is related to, and receives phone calls to the number. Physical Address Validation

Want to know how it can be checked out? It is simple. For instance, to check out the address, the letter is sent to this address, containing a specific code. Administration receives this letter, enters it to the special field and receives the certificate. This may seem ridiculous for many people. Is it all? Yes, that’s all of course, there is an ethical code, due to which administration promises to be honest. Of course, there is a database, containing all the info about the checking program, and in case of trial this info may help institute criminal proceedings against responsible program, basing upon the data that were indicated while checking.

Unfortunately, this is all. NetBIA administration doesn`t go to get acquainted with the administration of the Internet company, and it doesn`t check if the company office is situated at the address indicated or something like this. It doesn`t check out who answers the phone calls – and how it could be checked? It is possible to cheat such checking out? It is quite simple. So the idea that NetBIA fights against the main Internet problem – the problem of anonymity almost corresponds to advertising traditions. But despite all these issues program fulfills a very important task – go on reading.

What does the customer receive? The customer receives the sign with the certificate number at the site of the company (webshop or HYIP) which is checked out, and the Consumer Protection Tool, and a forum to discuss the latter and the former. Protection Tool is a program that could be downloaded for free in the Internet, and which represents the icon in the tray, which helps in checking out the legitimacy of the certificate - e-mail address or site. That is all. You see the certificate, enter it to the tool and get the info – if it is situated at the indicated address, if you can phone up there etc. But to see how it is confirmed address to what was written above. NetBIA doesn`t check the site content and does not fight scam.

The program is rather convenient; all the more there are a lot of lads who place false certificates at their sites. Besides, we didn’t find out that it may damage your PC, so it can appear to be useful. But it can be useful only in checking out the site according to one of many points.

Our opinion concerning this issue may be included into few basic theses. Everything that complicates the life of scammer is good. Everything that disturbs their functioning is positive. The more signs the investors possess to distinguish the scammer, the more scammer would face the difficulty in cheating someone or would be had. NetBIA is one of the elements that adds to the strength of the consumer or investor. Thus, the program which has NetBIA and doesn’t have it, are referred to other categories, despite both these programs may be fraud.

At first, the first program carries out the checking, this demands time, money, falsifications and other strategies that make the administration think over whether it would be better to run at once or later. The process goes up to the new level, more qualitative level and it is accompanied with serious risks, connected with legislation and real trials.

Secondly, the program that doesn’t have NetBIA cannot prove the relevancy of the information that is indicated at the site and this restricts itself, and it is to seek for the way out of the situation, even in case it wants to cheat you. Any way out of the situation is a problem, the more steps the swindler does openly, the easier it would be to catch him.

This is important for the consumer, and this is the point that NetBIA provides you with, though indirectly. It may seem ridiculous, but forcing them purchase certificate, pass the checking out, NetBIA forces administrators look back at the independent party, and this is the very thing we need! This provides us with more info and more issues.

That`s why, despite the imperfection of NetBIA methods and despite the desire to regard them as the businessmen, their mechanism is functioning and it is important for the investor to judge NetBIA and its certificates correctly. We hope that our article would help you understand the core of the mechanism, its use and reliability. It shouldn’t be regarded as the mechanism to rely upon, but it is a good tool to serve as an additional confirmation while making significant decisions.

Author Lella Prior