VeriSign Inc. has reached an agreement with ICANN to increase the prices of .com and .net domain names world wide starting October 1st, 2008.

The registry fee for .com domain names will increase from US$6.42 to $6.86, and that the registry fee for .net domain names will increase from US$3.85 to $4.23. The additional US$0.20 ICANN fee will remain unchanged.

VeriSign indicated the increase is due their continual efforts to fortify the .com and .net infrastructure against cyber attacks and service disruptions. VeriSign is also increasing the capacity of its global Internet infrastructure by ten times by the year 2010. Additionally, VeriSign will increase its daily DNS query capacity from 400 billion queries a day to over 4 trillion queries a day

IMHO I think we will be hearing more increases in the future as we heard last year at similar date about an increase in the .com and .net domain names. For VeriSign the sky is the limit for these increases as there is no agreement for a bounding limit of the domain name registration fees.