diff --git a/Cargo.lock b/Cargo.lock
index 098f19a44..fb3d64f16 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1130,18 +1130,18 @@ dependencies = [
 
 [[package]]
 name = "thiserror"
-version = "1.0.33"
+version = "1.0.34"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3d0a539a918745651435ac7db7a18761589a94cd7e94cd56999f828bf73c8a57"
+checksum = "8c1b05ca9d106ba7d2e31a9dab4a64e7be2cce415321966ea3132c49a656e252"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.33"
+version = "1.0.34"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c251e90f708e16c49a16f4917dc2131e75222b72edfa9cb7f7c58ae56aae0c09"
+checksum = "e8f2591983642de85c921015f3f070c665a197ed69e417af436115e3a1407487"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index f2ccbf2ff..4f6384fab 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -28,7 +28,7 @@ option_parser = { path = "option_parser" }
 seccompiler = "0.2.0"
 serde_json = "1.0.85"
 signal-hook = "0.3.14"
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 vmm = { path = "vmm" }
 vmm-sys-util = "0.10.0"
 vm-memory = "0.8.0"
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index 0cf986ef3..9b3745cd8 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -16,7 +16,7 @@ libc = "0.2.132"
 linux-loader = { version = "0.4.0", features = ["elf", "bzimage", "pe"] }
 log = "0.4.17"
 serde = { version = "1.0.144", features = ["rc", "derive"] }
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 uuid = "1.1.2"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
diff --git a/block_util/Cargo.toml b/block_util/Cargo.toml
index b5c130997..fdb49948d 100644
--- a/block_util/Cargo.toml
+++ b/block_util/Cargo.toml
@@ -12,7 +12,7 @@ io-uring = "0.5.5"
 libc = "0.2.132"
 log = "0.4.17"
 qcow = { path = "../qcow" }
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 vhdx = { path = "../vhdx" }
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index dae689808..b59e18914 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -13,7 +13,7 @@ tdx = []
 [dependencies]
 anyhow = "1.0.64"
 byteorder = "1.4.3"
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 libc = "0.2.132"
 log = "0.4.17"
 kvm-ioctls = { version = "0.11.0", optional = true }
diff --git a/net_util/Cargo.toml b/net_util/Cargo.toml
index 622de7aed..7f96b89b7 100644
--- a/net_util/Cargo.toml
+++ b/net_util/Cargo.toml
@@ -12,7 +12,7 @@ log = "0.4.17"
 net_gen = { path = "../net_gen" }
 rate_limiter = { path = "../rate_limiter" }
 serde = "1.0.144"
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 virtio-bindings = "0.1.0"
diff --git a/pci/Cargo.toml b/pci/Cargo.toml
index 5251ea5a4..a1cce16bf 100644
--- a/pci/Cargo.toml
+++ b/pci/Cargo.toml
@@ -19,7 +19,7 @@ vmm-sys-util = "0.10.0"
 libc = "0.2.132"
 log = "0.4.17"
 serde = { version = "1.0.144", features = ["derive"] }
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 vm-allocator = { path = "../vm-allocator" }
diff --git a/performance-metrics/Cargo.toml b/performance-metrics/Cargo.toml
index 4818c056c..65718e8f2 100644
--- a/performance-metrics/Cargo.toml
+++ b/performance-metrics/Cargo.toml
@@ -11,7 +11,7 @@ dirs = "4.0.0"
 serde = { version = "1.0.144", features = ["rc", "derive"] }
 serde_json = "1.0.85"
 test_infra = { path = "../test_infra" }
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 wait-timeout = "0.2.0"
 
 [build-dependencies]
diff --git a/vfio_user/Cargo.toml b/vfio_user/Cargo.toml
index a918904af..2098c14d1 100644
--- a/vfio_user/Cargo.toml
+++ b/vfio_user/Cargo.toml
@@ -10,7 +10,7 @@ log = "0.4.17"
 serde = { version = "1.0.144", features = ["rc"] }
 serde_derive = "1.0.142"
 serde_json = "1.0.85"
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 vm-memory = { version = "0.8.0", features = ["backend-mmap", "backend-atomic"] }
 vmm-sys-util = "0.10.0"
 
diff --git a/vhdx/Cargo.toml b/vhdx/Cargo.toml
index 8844d393b..cbf9dfe5f 100644
--- a/vhdx/Cargo.toml
+++ b/vhdx/Cargo.toml
@@ -11,5 +11,5 @@ crc32c = "0.6.3"
 libc = "0.2.132"
 log = "0.4.17"
 remain = "0.2.4"
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 uuid = { version = "1.1.2", features = ["v4"] }
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index 527e55886..6a0968096 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -25,7 +25,7 @@ seccompiler = "0.2.0"
 serde = { version = "1.0.144", features = ["derive"] }
 serde_json = "1.0.85"
 serial_buffer = { path = "../serial_buffer" }
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 vhost = { version = "0.4.0", features = ["vhost-user-master", "vhost-user-slave", "vhost-kern", "vhost-vdpa"] }
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index e5b19d0a3..de8c5125a 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -12,7 +12,7 @@ mshv = ["vfio-ioctls/mshv"]
 [dependencies]
 anyhow = "1.0.64"
 hypervisor = { path = "../hypervisor" }
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 serde = { version = "1.0.144", features = ["rc", "derive"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.8.0", features = ["backend-mmap"] }
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index 44be03f41..844f4fbc5 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 
 [dependencies]
 anyhow = "1.0.64"
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 serde = { version = "1.0.144", features = ["rc", "derive"] }
 serde_json = "1.0.85"
 versionize = "0.1.6"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index 917c1d966..6f2a19bf2 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -43,7 +43,7 @@ serde = { version = "1.0.144", features = ["rc", "derive"] }
 serde_json = "1.0.85"
 serial_buffer = { path = "../serial_buffer" }
 signal-hook = "0.3.14"
-thiserror = "1.0.33"
+thiserror = "1.0.34"
 uuid = "1.1.2"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"