diff --git a/Cargo.lock b/Cargo.lock
index cf6d5c546..0e699a6e6 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -918,9 +918,9 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.131"
+version = "1.0.132"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b4ad69dfbd3e45369132cc64e6748c2d65cdfb001a2b1c232d128b4ad60561c1"
+checksum = "8b9875c23cf305cd1fd7eb77234cbb705f21ea6a72c637a5c6db5fe4b8e7f008"
 
 [[package]]
 name = "serde_derive"
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index 0490b6b7f..09140330e 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -17,7 +17,7 @@ hypervisor = { path = "../hypervisor" }
 libc = "0.2.112"
 linux-loader = { version = "0.4.0", features = ["elf", "bzimage", "pe"] }
 log = "0.4.14"
-serde = { version = "1.0.131", features = ["rc"] }
+serde = { version = "1.0.132", features = ["rc"] }
 serde_derive = "1.0.131"
 thiserror = "1.0.30"
 versionize = "0.1.6"
diff --git a/event_monitor/Cargo.toml b/event_monitor/Cargo.toml
index b3e76177c..c10dffb0d 100644
--- a/event_monitor/Cargo.toml
+++ b/event_monitor/Cargo.toml
@@ -6,6 +6,6 @@ edition = "2018"
 
 [dependencies]
 libc = "0.2.112"
-serde = { version = "1.0.131", features = ["rc"] }
+serde = { version = "1.0.132", features = ["rc"] }
 serde_derive = "1.0.131"
 serde_json = "1.0.73"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index 1c87948c5..6a5647612 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -20,7 +20,7 @@ kvm-ioctls = { version = "0.11.0", optional = true }
 kvm-bindings = { git = "https://github.com/cloud-hypervisor/kvm-bindings", branch = "ch-v0.5.0", features = ["with-serde", "fam-wrappers"], optional  = true }
 mshv-bindings = {git = "https://github.com/rust-vmm/mshv", branch = "main", features = ["with-serde", "fam-wrappers"], optional  = true }
 mshv-ioctls = { git = "https://github.com/rust-vmm/mshv", branch = "main", optional  = true}
-serde = { version = "1.0.131", features = ["rc"] }
+serde = { version = "1.0.132", features = ["rc"] }
 serde_derive = "1.0.131"
 serde_json = "1.0.73"
 vm-memory = { version = "0.6.0", features = ["backend-mmap", "backend-atomic"] }
diff --git a/net_util/Cargo.toml b/net_util/Cargo.toml
index 944a62316..3031b18c7 100644
--- a/net_util/Cargo.toml
+++ b/net_util/Cargo.toml
@@ -11,7 +11,7 @@ libc = "0.2.112"
 log = "0.4.14"
 net_gen = { path = "../net_gen" }
 rate_limiter = { path = "../rate_limiter" }
-serde = "1.0.131"
+serde = "1.0.132"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 virtio-bindings = "0.1.0"
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index 1339f306e..c4a849890 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -24,7 +24,7 @@ net_util = { path = "../net_util" }
 pci = { path = "../pci" }
 rate_limiter = { path = "../rate_limiter" }
 seccompiler = "0.2.0"
-serde = "1.0.131"
+serde = "1.0.132"
 serde_derive = "1.0.131"
 serde_json = "1.0.73"
 versionize = "0.1.6"
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index c1ccc9794..ce364fd79 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -12,7 +12,7 @@ mshv = ["vfio-ioctls/mshv"]
 [dependencies]
 anyhow = "1.0.51"
 thiserror = "1.0.30"
-serde = { version = "1.0.131", features = ["rc"] }
+serde = { version = "1.0.132", features = ["rc"] }
 serde_derive = "1.0.131"
 serde_json = "1.0.73"
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio-ioctls", branch = "main", default-features = false }
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index a0bed9f9d..88ddd6b77 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.51"
 thiserror = "1.0.30"
-serde = { version = "1.0.131", features = ["rc"] }
+serde = { version = "1.0.132", features = ["rc"] }
 serde_derive = "1.0.131"
 serde_json = "1.0.73"
 versionize = "0.1.6"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index 6ba7638db..2a801917e 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -36,7 +36,7 @@ option_parser = { path = "../option_parser" }
 pci = { path = "../pci" }
 qcow = { path = "../qcow" }
 seccompiler = "0.2.0"
-serde = { version = "1.0.131", features = ["rc"] }
+serde = { version = "1.0.132", features = ["rc"] }
 serde_derive = "1.0.131"
 serde_json = "1.0.73"
 signal-hook = "0.3.12"