diff --git a/Cargo.lock b/Cargo.lock
index c824fe832..aff949505 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1113,22 +1113,22 @@ checksum = "bebd363326d05ec3e2f532ab7660680f3b02130d780c299bca73469d521bc0ed"
 
 [[package]]
 name = "serde"
-version = "1.0.156"
+version = "1.0.163"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "314b5b092c0ade17c00142951e50ced110ec27cea304b1037c6969246c2469a4"
+checksum = "2113ab51b87a539ae008b5c6c02dc020ffa39afd2d83cffcb3f4eb2722cebec2"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.156"
+version = "1.0.163"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d7e29c4601e36bcec74a223228dce795f4cd3616341a4af93520ca1a837c087d"
+checksum = "8c805777e3930c8883389c602315a24224bcc738b63905ef87cd1420353ea93e"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn 1.0.107",
+ "syn 2.0.12",
 ]
 
 [[package]]
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index 0bab2a9b1..43b867b5d 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -15,7 +15,7 @@ hypervisor = { path = "../hypervisor" }
 libc = "0.2.139"
 linux-loader = { version = "0.8.1", features = ["elf", "bzimage", "pe"] }
 log = "0.4.17"
-serde = { version = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", features = ["rc", "derive"] }
 thiserror = "1.0.40"
 uuid = "1.3.3"
 versionize = "0.1.10"
diff --git a/event_monitor/Cargo.toml b/event_monitor/Cargo.toml
index 0e6c8b781..f16bfa86c 100644
--- a/event_monitor/Cargo.toml
+++ b/event_monitor/Cargo.toml
@@ -6,5 +6,5 @@ edition = "2021"
 
 [dependencies]
 libc = "0.2.139"
-serde = { version = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", features = ["rc", "derive"] }
 serde_json = "1.0.96"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index 85d3dbe46..2520a7116 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -20,7 +20,7 @@ kvm-ioctls = { version = "0.13.0", optional = true }
 kvm-bindings = { git = "https://github.com/cloud-hypervisor/kvm-bindings", branch = "ch-v0.6.0-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 = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", features = ["rc", "derive"] }
 serde_with = { version = "2.3.2", default-features = false, features = ["macros"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.10.0", features = ["backend-mmap", "backend-atomic"] }
diff --git a/net_util/Cargo.toml b/net_util/Cargo.toml
index d82893c4f..69ade03d7 100644
--- a/net_util/Cargo.toml
+++ b/net_util/Cargo.toml
@@ -11,7 +11,7 @@ libc = "0.2.139"
 log = "0.4.17"
 net_gen = { path = "../net_gen" }
 rate_limiter = { path = "../rate_limiter" }
-serde = "1.0.156"
+serde = "1.0.163"
 thiserror = "1.0.40"
 versionize = "0.1.10"
 versionize_derive = "0.1.4"
diff --git a/pci/Cargo.toml b/pci/Cargo.toml
index 27c4c3277..9d7a4e179 100644
--- a/pci/Cargo.toml
+++ b/pci/Cargo.toml
@@ -20,7 +20,7 @@ vfio_user = { git = "https://github.com/rust-vmm/vfio-user", branch = "main" }
 vmm-sys-util = "0.11.0"
 libc = "0.2.139"
 log = "0.4.17"
-serde = { version = "1.0.156", features = ["derive"] }
+serde = { version = "1.0.163", features = ["derive"] }
 thiserror = "1.0.40"
 versionize = "0.1.10"
 versionize_derive = "0.1.4"
diff --git a/performance-metrics/Cargo.toml b/performance-metrics/Cargo.toml
index 3594b897f..ccf9dcff5 100644
--- a/performance-metrics/Cargo.toml
+++ b/performance-metrics/Cargo.toml
@@ -8,7 +8,7 @@ build = "../build.rs"
 [dependencies]
 argh = "0.1.9"
 dirs = "5.0.0"
-serde = { version = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", features = ["rc", "derive"] }
 serde_json = "1.0.96"
 test_infra = { path = "../test_infra" }
 thiserror = "1.0.40"
diff --git a/test_infra/Cargo.toml b/test_infra/Cargo.toml
index d32d6d58a..2539af8f5 100644
--- a/test_infra/Cargo.toml
+++ b/test_infra/Cargo.toml
@@ -9,7 +9,7 @@ dirs = "5.0.0"
 epoll = "4.3.1"
 libc = "0.2.139"
 once_cell = "1.17.1"
-serde = { version = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", features = ["rc", "derive"] }
 serde_json = "1.0.96"
 ssh2 = { version = "0.9.4", features = ["vendored-openssl"] }
 vmm-sys-util = "0.11.0"
diff --git a/tracer/Cargo.toml b/tracer/Cargo.toml
index 3ec7b4a28..bf6bee11b 100644
--- a/tracer/Cargo.toml
+++ b/tracer/Cargo.toml
@@ -8,7 +8,7 @@ edition = "2021"
 libc = "0.2.139"
 log = "0.4.17"
 once_cell = "1.17.1"
-serde = { version = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", features = ["rc", "derive"] }
 serde_json = "1.0.96"
 
 [features]
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index 67af748ba..d6e2e9ce0 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 = "1.0.156", features = ["derive"] }
+serde = { version = "1.0.163", features = ["derive"] }
 serde_json = "1.0.96"
 serial_buffer = { path = "../serial_buffer" }
 thiserror = "1.0.40"
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index 2e52e5fa8..53d6c4472 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -13,7 +13,7 @@ mshv = ["vfio-ioctls/mshv"]
 anyhow = "1.0.71"
 hypervisor = { path = "../hypervisor" }
 thiserror = "1.0.40"
-serde = { version = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", 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"] }
 vmm-sys-util = "0.11.0"
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index 0e43fdb85..c6bd96a95 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2021"
 [dependencies]
 anyhow = "1.0.71"
 thiserror = "1.0.40"
-serde = { version = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", features = ["rc", "derive"] }
 serde_json = "1.0.96"
 versionize = "0.1.10"
 versionize_derive = "0.1.4"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index 7367e140f..a6aad34e9 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -35,7 +35,7 @@ option_parser = { path = "../option_parser" }
 pci = { path = "../pci" }
 qcow = { path = "../qcow" }
 seccompiler = "0.3.0"
-serde = { version = "1.0.156", features = ["rc", "derive"] }
+serde = { version = "1.0.163", features = ["rc", "derive"] }
 serde_json = "1.0.96"
 serial_buffer = { path = "../serial_buffer" }
 signal-hook = "0.3.15"