diff --git a/Cargo.lock b/Cargo.lock
index 1cd06e1d6..3c84bcbcb 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1043,18 +1043,18 @@ dependencies = [
 
 [[package]]
 name = "thiserror"
-version = "1.0.30"
+version = "1.0.31"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "854babe52e4df1653706b98fcfc05843010039b406875930a70e4d9644e5c417"
+checksum = "bd829fe32373d27f76265620b5309d0340cb8550f523c1dda251d6298069069a"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.30"
+version = "1.0.31"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "aa32fd3f627f367fe16f893e2597ae3c05020f8bba2666a4e6ea73d377e5714b"
+checksum = "0396bc89e626244658bef819e22d0cc459e795a5ebe878e6ec336d1674a8d79a"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 41a9f733f..a31bf2609 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -28,7 +28,7 @@ option_parser = { path = "option_parser" }
 seccompiler = "0.2.0"
 serde_json = "1.0.79"
 signal-hook = "0.3.13"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 vmm = { path = "vmm" }
 vmm-sys-util = "0.9.0"
 vm-memory = "0.7.0"
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index b095b937e..da8a312e1 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -18,7 +18,7 @@ linux-loader = { version = "0.4.0", features = ["elf", "bzimage", "pe"] }
 log = "0.4.16"
 serde = { version = "1.0.136", features = ["rc"] }
 serde_derive = "1.0.136"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 vm-memory = { version = "0.7.0", features = ["backend-mmap", "backend-bitmap"] }
diff --git a/block_util/Cargo.toml b/block_util/Cargo.toml
index 0f71284c8..1d3cec78d 100644
--- a/block_util/Cargo.toml
+++ b/block_util/Cargo.toml
@@ -12,7 +12,7 @@ io-uring = "0.5.2"
 libc = "0.2.124"
 log = "0.4.16"
 qcow = { path = "../qcow" }
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 vhdx = { path = "../vhdx" }
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index 2a42e7a1f..640196414 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -13,7 +13,7 @@ tdx = []
 [dependencies]
 anyhow = "1.0.57"
 epoll = "4.3.1"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 libc = "0.2.124"
 log = "0.4.16"
 kvm-ioctls = { version = "0.11.0", optional = true }
diff --git a/pci/Cargo.toml b/pci/Cargo.toml
index 65a3a5004..ed9d747b5 100644
--- a/pci/Cargo.toml
+++ b/pci/Cargo.toml
@@ -20,7 +20,7 @@ libc = "0.2.124"
 log = "0.4.16"
 serde = "1.0.136"
 serde_derive = "1.0.136"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 vm-allocator = { path = "../vm-allocator" }
diff --git a/performance-metrics/Cargo.toml b/performance-metrics/Cargo.toml
index 8d45aeea3..7eb450807 100644
--- a/performance-metrics/Cargo.toml
+++ b/performance-metrics/Cargo.toml
@@ -12,7 +12,7 @@ serde = { version = "1.0.136", features = ["rc"] }
 serde_derive = "1.0.136"
 serde_json = "1.0.78"
 test_infra = { path = "../test_infra" }
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 wait-timeout = "0.2.0"
 
 [build-dependencies]
diff --git a/vfio_user/Cargo.toml b/vfio_user/Cargo.toml
index 1fafbe7a5..8870f51d8 100644
--- a/vfio_user/Cargo.toml
+++ b/vfio_user/Cargo.toml
@@ -11,7 +11,7 @@ log = "0.4.16"
 serde = {version = ">=1.0.27", features = ["rc"] }
 serde_derive = ">=1.0.27"
 serde_json = ">=1.0.9"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 vm-memory = { version = "0.7.0", features = ["backend-mmap", "backend-atomic"] }
 vmm-sys-util = ">=0.3.1"
 
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index a09495375..5609815f8 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -26,7 +26,7 @@ seccompiler = "0.2.0"
 serde = "1.0.136"
 serde_derive = "1.0.136"
 serde_json = "1.0.79"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 vhost = { version = "0.4.0", features = ["vhost-user-master", "vhost-user-slave", "vhost-kern", "vhost-vdpa"] }
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index 4f2717a53..de6e0304a 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -11,7 +11,7 @@ mshv = ["vfio-ioctls/mshv"]
 
 [dependencies]
 anyhow = "1.0.57"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 serde = { version = "1.0.136", features = ["rc"] }
 serde_derive = "1.0.136"
 serde_json = "1.0.79"
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index dec6098d7..0dcfe7dd6 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 
 [dependencies]
 anyhow = "1.0.57"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 serde = { version = "1.0.136", features = ["rc"] }
 serde_derive = "1.0.136"
 serde_json = "1.0.79"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index cd7f3bdca..9d8014dc1 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -42,7 +42,7 @@ serde = { version = "1.0.136", features = ["rc"] }
 serde_derive = "1.0.136"
 serde_json = "1.0.79"
 signal-hook = "0.3.13"
-thiserror = "1.0.30"
+thiserror = "1.0.31"
 uuid = "1.0.0"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"