diff --git a/Cargo.lock b/Cargo.lock
index 5f7bbb138..cf73a9e04 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2031,9 +2031,9 @@ dependencies = [
 
 [[package]]
 name = "serde_with"
-version = "3.6.1"
+version = "3.7.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "15d167997bd841ec232f5b2b8e0e26606df2e7caa4c31b95ea9ca52b200bd270"
+checksum = "ee80b0e361bbf88fd2f6e242ccd19cfda072cb0faa6ae694ecee08199938569a"
 dependencies = [
  "serde",
  "serde_derive",
@@ -2042,9 +2042,9 @@ dependencies = [
 
 [[package]]
 name = "serde_with_macros"
-version = "3.6.1"
+version = "3.7.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "865f9743393e638991566a8b7a479043c2c8da94a33e0a31f18214c9cae0a64d"
+checksum = "6561dc161a9224638a31d876ccdfefbc1df91d3f3a8342eddb35f055d48c7655"
 dependencies = [
  "darling",
  "proc-macro2",
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index 8bf10cd9c..5add33c84 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -23,7 +23,7 @@ kvm-bindings = { git = "https://github.com/cloud-hypervisor/kvm-bindings", branc
 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 = "1.0.196", features = ["rc", "derive"] }
-serde_with = { version = "3.6.1", default-features = false, features = ["macros"] }
+serde_with = { version = "3.7.0", default-features = false, features = ["macros"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.14.0", features = ["backend-mmap", "backend-atomic"] }
 vmm-sys-util = { version = "0.12.1", features = ["with-serde"] }