diff --git a/Cargo.lock b/Cargo.lock
index bf567eba4..0a997d2fe 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -990,18 +990,18 @@ checksum = "e25dfac463d778e353db5be2449d1cce89bd6fd23c9f1ea21310ce6e5a1b29c4"
 
 [[package]]
 name = "serde"
-version = "1.0.145"
+version = "1.0.147"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "728eb6351430bccb993660dfffc5a72f91ccc1295abaa8ce19b27ebe4f75568b"
+checksum = "d193d69bae983fc11a79df82342761dfbf28a99fc8d203dca4c3c1b590948965"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.145"
+version = "1.0.147"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "81fa1584d3d1bcacd84c277a0dfe21f5b0f6accf4a23d04d4c6d61f1af522b4c"
+checksum = "4f1d362ca8fc9c3e3a7484440752472d68a6caa98f1ab81d99b5dfe517cec852"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index a9dd87774..d847c112c 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -15,7 +15,7 @@ hypervisor = { path = "../hypervisor" }
 libc = "0.2.135"
 linux-loader = { version = "0.6.0", features = ["elf", "bzimage", "pe"] }
 log = "0.4.17"
-serde = { version = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 thiserror = "1.0.37"
 uuid = "1.2.1"
 versionize = "0.1.6"
diff --git a/event_monitor/Cargo.toml b/event_monitor/Cargo.toml
index b00cc8675..5a8d9c0b8 100644
--- a/event_monitor/Cargo.toml
+++ b/event_monitor/Cargo.toml
@@ -6,5 +6,5 @@ edition = "2021"
 
 [dependencies]
 libc = "0.2.135"
-serde = { version = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 serde_json = "1.0.87"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index 2e547d1ba..a8c3ccca2 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-tdx", 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 = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 serde_with = { version = "2.0.1", default-features = false, features = ["macros"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.9.0", features = ["backend-mmap", "backend-atomic"] }
diff --git a/net_util/Cargo.toml b/net_util/Cargo.toml
index 1fe2cfb98..7e248551c 100644
--- a/net_util/Cargo.toml
+++ b/net_util/Cargo.toml
@@ -11,7 +11,7 @@ libc = "0.2.135"
 log = "0.4.17"
 net_gen = { path = "../net_gen" }
 rate_limiter = { path = "../rate_limiter" }
-serde = "1.0.145"
+serde = "1.0.147"
 thiserror = "1.0.37"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
diff --git a/pci/Cargo.toml b/pci/Cargo.toml
index 1538b6fe3..01a18cce6 100644
--- a/pci/Cargo.toml
+++ b/pci/Cargo.toml
@@ -18,7 +18,7 @@ vfio_user = { path = "../vfio_user" }
 vmm-sys-util = "0.10.0"
 libc = "0.2.135"
 log = "0.4.17"
-serde = { version = "1.0.145", features = ["derive"] }
+serde = { version = "1.0.147", features = ["derive"] }
 thiserror = "1.0.37"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
diff --git a/performance-metrics/Cargo.toml b/performance-metrics/Cargo.toml
index 03bf7b4f7..b36d724f4 100644
--- a/performance-metrics/Cargo.toml
+++ b/performance-metrics/Cargo.toml
@@ -8,7 +8,7 @@ build = "build.rs"
 [dependencies]
 clap = { version = "4.0.17", features = ["wrap_help","cargo"] }
 dirs = "4.0.0"
-serde = { version = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 serde_json = "1.0.87"
 test_infra = { path = "../test_infra" }
 thiserror = "1.0.37"
diff --git a/test_infra/Cargo.toml b/test_infra/Cargo.toml
index 86d6b033a..168e86acb 100644
--- a/test_infra/Cargo.toml
+++ b/test_infra/Cargo.toml
@@ -9,7 +9,7 @@ dirs = "4.0.0"
 epoll = "4.3.1"
 libc = "0.2.135"
 once_cell = "1.15.0"
-serde = { version = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 serde_json = "1.0.87"
 ssh2 = { version = "0.9.3", features = ["vendored-openssl"] }
 vmm-sys-util = "0.10.0"
diff --git a/tracer/Cargo.toml b/tracer/Cargo.toml
index 463a59771..eb9c98d88 100644
--- a/tracer/Cargo.toml
+++ b/tracer/Cargo.toml
@@ -8,7 +8,7 @@ edition = "2021"
 libc = "0.2.135"
 log = "0.4.17"
 once_cell = "1.12.0"
-serde = { version = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 serde_json = "1.0.87"
 
 [features]
diff --git a/vfio_user/Cargo.toml b/vfio_user/Cargo.toml
index 64789dc07..49eddfb48 100644
--- a/vfio_user/Cargo.toml
+++ b/vfio_user/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2021"
 [dependencies]
 libc = "0.2.135"
 log = "0.4.17"
-serde = { version = "1.0.145", features = ["rc"] }
+serde = { version = "1.0.147", features = ["rc"] }
 serde_derive = "1.0.142"
 serde_json = "1.0.87"
 thiserror = "1.0.37"
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index 68c324a2a..5af49970b 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -22,7 +22,7 @@ net_util = { path = "../net_util" }
 pci = { path = "../pci" }
 rate_limiter = { path = "../rate_limiter" }
 seccompiler = "0.3.0"
-serde = { version = "1.0.145", features = ["derive"] }
+serde = { version = "1.0.147", features = ["derive"] }
 serde_json = "1.0.87"
 serial_buffer = { path = "../serial_buffer" }
 thiserror = "1.0.37"
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index 5ff498dcb..714c2e050 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -13,7 +13,7 @@ mshv = ["vfio-ioctls/mshv"]
 anyhow = "1.0.66"
 hypervisor = { path = "../hypervisor" }
 thiserror = "1.0.37"
-serde = { version = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.9.0", features = ["backend-mmap"] }
 vmm-sys-util = "0.10.0"
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index d1e34888a..35bcabede 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2021"
 [dependencies]
 anyhow = "1.0.66"
 thiserror = "1.0.37"
-serde = { version = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 serde_json = "1.0.87"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index 0afee02fb..c530599a8 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 = "0.3.0"
-serde = { version = "1.0.145", features = ["rc", "derive"] }
+serde = { version = "1.0.147", features = ["rc", "derive"] }
 serde_json = "1.0.87"
 serial_buffer = { path = "../serial_buffer" }
 signal-hook = "0.3.14"