diff --git a/Cargo.lock b/Cargo.lock
index d43d4f9bf..23401c961 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -36,9 +36,9 @@ dependencies = [
 
 [[package]]
 name = "anyhow"
-version = "1.0.69"
+version = "1.0.70"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "224afbd727c3d6e4b90103ece64b8d1b67fbb1973b1046c2281eed3f3803f800"
+checksum = "7de8ce5e0f9f8d88245311066a578d72b7af3e7088f32783804676302df237e4"
 
 [[package]]
 name = "api_client"
diff --git a/Cargo.toml b/Cargo.toml
index 826ab731c..4dd1297cc 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -29,7 +29,7 @@ strip = false
 debug = true
 
 [dependencies]
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 api_client = { path = "api_client" }
 argh = "0.1.9"
 dhat = { version = "0.3.2", optional = true }
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index b9c3ed896..826ff127a 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -9,7 +9,7 @@ default = []
 tdx = []
 
 [dependencies]
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 byteorder = "1.4.3"
 hypervisor = { path = "../hypervisor" }
 libc = "0.2.139"
diff --git a/devices/Cargo.toml b/devices/Cargo.toml
index c21affaa9..6afdffcef 100644
--- a/devices/Cargo.toml
+++ b/devices/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 
 [dependencies]
 acpi_tables = { git = "https://github.com/rust-vmm/acpi_tables", branch = "main"  }
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 arch = { path = "../arch" }
 bitflags = "1.3.2"
 byteorder = "1.4.3"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index da666e9bd..c21096296 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -11,7 +11,7 @@ mshv = ["mshv-ioctls", "mshv-bindings", "vfio-ioctls/mshv"]
 tdx = []
 
 [dependencies]
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 byteorder = "1.4.3"
 thiserror = "1.0.39"
 libc = "0.2.139"
diff --git a/pci/Cargo.toml b/pci/Cargo.toml
index 3dcd1c73a..98433547b 100644
--- a/pci/Cargo.toml
+++ b/pci/Cargo.toml
@@ -10,7 +10,7 @@ kvm = ["vfio-ioctls/kvm"]
 mshv = ["vfio-ioctls/mshv"]
 
 [dependencies]
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 byteorder = "1.4.3"
 hypervisor = { path = "../hypervisor" }
 vfio-bindings = { git = "https://github.com/rust-vmm/vfio", branch = "main", features = ["fam-wrappers"] }
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index 3b7f89900..e699449f1 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -8,7 +8,7 @@ edition = "2021"
 default = []
 
 [dependencies]
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 arc-swap = "1.5.1"
 block_util = { path = "../block_util" }
 byteorder = "1.4.3"
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index d79259181..ef7a5edb8 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -10,7 +10,7 @@ kvm = ["vfio-ioctls/kvm"]
 mshv = ["vfio-ioctls/mshv"]
 
 [dependencies]
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 hypervisor = { path = "../hypervisor" }
 thiserror = "1.0.39"
 serde = { version = "1.0.151", features = ["rc", "derive"] }
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index 1c491d99f..5b84db9ea 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -5,7 +5,7 @@ authors = ["The Cloud Hypervisor Authors"]
 edition = "2021"
 
 [dependencies]
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 thiserror = "1.0.39"
 serde = { version = "1.0.151", features = ["rc", "derive"] }
 serde_json = "1.0.96"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index 7d1757bac..73ab915da 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -14,7 +14,7 @@ tracing = ["tracer/tracing"]
 
 [dependencies]
 acpi_tables = { git = "https://github.com/rust-vmm/acpi_tables", branch = "main"  }
-anyhow = "1.0.69"
+anyhow = "1.0.70"
 arc-swap = "1.5.1"
 arch = { path = "../arch" }
 bitflags = "1.3.2"