diff --git a/Cargo.lock b/Cargo.lock
index 71036bda7..fb94fb696 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1208,18 +1208,18 @@ dependencies = [
 
 [[package]]
 name = "thiserror"
-version = "1.0.37"
+version = "1.0.38"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "10deb33631e3c9018b9baf9dcbbc4f737320d2b576bac10f6aefa048fa407e3e"
+checksum = "6a9cd18aa97d5c45c6603caea1da6628790b37f7a34b6ca89522331c5180fed0"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.37"
+version = "1.0.38"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "982d17546b47146b28f7c22e3d08465f6b8903d0ea13c1660d9d84a6e7adcdbb"
+checksum = "1fb327af4685e4d03fa8cbcf1716380da910eeb2bb8be417e7f9fd3fb164f36f"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 19b007f61..499891c6c 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -36,7 +36,7 @@ option_parser = { path = "option_parser" }
 seccompiler = "0.3.0"
 serde_json = "1.0.89"
 signal-hook = "0.3.14"
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 tpm = { path = "tpm"}
 tracer = { path = "tracer" }
 vmm = { path = "vmm" }
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index d92b5d684..a4aae9ead 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -16,7 +16,7 @@ libc = "0.2.139"
 linux-loader = { version = "0.8.1", features = ["elf", "bzimage", "pe"] }
 log = "0.4.17"
 serde = { version = "1.0.151", features = ["rc", "derive"] }
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 uuid = "1.2.2"
 versionize = "0.1.9"
 versionize_derive = "0.1.4"
diff --git a/block_util/Cargo.toml b/block_util/Cargo.toml
index f6ccf7a25..fea26bfcd 100644
--- a/block_util/Cargo.toml
+++ b/block_util/Cargo.toml
@@ -13,7 +13,7 @@ libc = "0.2.139"
 log = "0.4.17"
 qcow = { path = "../qcow" }
 smallvec = "1.10.0"
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 versionize = "0.1.9"
 versionize_derive = "0.1.4"
 vhdx = { path = "../vhdx" }
diff --git a/devices/Cargo.toml b/devices/Cargo.toml
index 2ccd343ca..c8fff73c3 100644
--- a/devices/Cargo.toml
+++ b/devices/Cargo.toml
@@ -14,7 +14,7 @@ hypervisor = { path = "../hypervisor" }
 libc = "0.2.139"
 log = "0.4.17"
 phf = { version = "0.11.1", features = ["macros"] }
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 tpm = { path = "../tpm" }
 versionize = "0.1.9"
 versionize_derive = "0.1.4"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index e98c62caf..6ec1a09e4 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -13,7 +13,7 @@ tdx = []
 [dependencies]
 anyhow = "1.0.68"
 byteorder = "1.4.3"
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 libc = "0.2.139"
 log = "0.4.17"
 kvm-ioctls = { version = "0.12.0", optional = true }
diff --git a/net_util/Cargo.toml b/net_util/Cargo.toml
index 42e354405..25a5717e7 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 = "1.0.151"
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 versionize = "0.1.9"
 versionize_derive = "0.1.4"
 virtio-bindings = "0.1.0"
diff --git a/pci/Cargo.toml b/pci/Cargo.toml
index 85d20f381..00d2466c5 100644
--- a/pci/Cargo.toml
+++ b/pci/Cargo.toml
@@ -20,7 +20,7 @@ vmm-sys-util = "0.11.0"
 libc = "0.2.139"
 log = "0.4.17"
 serde = { version = "1.0.151", features = ["derive"] }
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 versionize = "0.1.9"
 versionize_derive = "0.1.4"
 vm-allocator = { path = "../vm-allocator" }
diff --git a/performance-metrics/Cargo.toml b/performance-metrics/Cargo.toml
index 2da6763bc..ab53bd4f3 100644
--- a/performance-metrics/Cargo.toml
+++ b/performance-metrics/Cargo.toml
@@ -11,5 +11,5 @@ dirs = "4.0.0"
 serde = { version = "1.0.151", features = ["rc", "derive"] }
 serde_json = "1.0.89"
 test_infra = { path = "../test_infra" }
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 wait-timeout = "0.2.0"
diff --git a/vfio_user/Cargo.toml b/vfio_user/Cargo.toml
index 02d965f5d..50e76e229 100644
--- a/vfio_user/Cargo.toml
+++ b/vfio_user/Cargo.toml
@@ -10,7 +10,7 @@ log = "0.4.17"
 serde = { version = "1.0.151", features = ["rc"] }
 serde_derive = "1.0.149"
 serde_json = "1.0.89"
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 vfio-bindings = { git = "https://github.com/rust-vmm/vfio", branch = "main", features = ["fam-wrappers"] }
 vm-memory = { version = "0.10.0", features = ["backend-mmap", "backend-atomic"] }
 vmm-sys-util = "0.11.0"
\ No newline at end of file
diff --git a/vhdx/Cargo.toml b/vhdx/Cargo.toml
index 9b09be149..b6e1fd50b 100644
--- a/vhdx/Cargo.toml
+++ b/vhdx/Cargo.toml
@@ -11,5 +11,5 @@ crc32c = "0.6.3"
 libc = "0.2.139"
 log = "0.4.17"
 remain = "0.2.6"
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 uuid = { version = "1.2.2", features = ["v4"] }
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index d76c5c066..3722420d5 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -25,7 +25,7 @@ seccompiler = "0.3.0"
 serde = { version = "1.0.151", features = ["derive"] }
 serde_json = "1.0.89"
 serial_buffer = { path = "../serial_buffer" }
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 versionize = "0.1.9"
 versionize_derive = "0.1.4"
 vhost = { version = "0.6.0", features = ["vhost-user-master", "vhost-user-slave", "vhost-kern", "vhost-vdpa"] }
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index 76df0d6e4..9dc89fe08 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -12,7 +12,7 @@ mshv = ["vfio-ioctls/mshv"]
 [dependencies]
 anyhow = "1.0.68"
 hypervisor = { path = "../hypervisor" }
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 serde = { version = "1.0.151", features = ["rc", "derive"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.10.0", features = ["backend-mmap"] }
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index 76c559af3..29c5b74c5 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 
 [dependencies]
 anyhow = "1.0.68"
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 serde = { version = "1.0.151", features = ["rc", "derive"] }
 serde_json = "1.0.89"
 versionize = "0.1.9"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index ac4d6753c..07ec7e046 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -40,7 +40,7 @@ serde = { version = "1.0.151", features = ["rc", "derive"] }
 serde_json = "1.0.89"
 serial_buffer = { path = "../serial_buffer" }
 signal-hook = "0.3.14"
-thiserror = "1.0.37"
+thiserror = "1.0.38"
 tracer = { path = "../tracer" }
 uuid = "1.2.2"
 versionize = "0.1.9"