diff --git a/Cargo.lock b/Cargo.lock
index ea9b858fd..80baa599e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -841,9 +841,9 @@ checksum = "568a8e6258aa33c13358f81fd834adb854c6f7c9468520910a9b1e8fac068012"
 
 [[package]]
 name = "serde"
-version = "1.0.134"
+version = "1.0.135"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "96b3c34c1690edf8174f5b289a336ab03f568a4460d8c6df75f2f3a692b3bc6a"
+checksum = "2cf9235533494ea2ddcdb794665461814781c53f19d87b76e571a1c35acbad2b"
 
 [[package]]
 name = "serde_derive"
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index 53d2ca76c..3a3d08a23 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -17,7 +17,7 @@ hypervisor = { path = "../hypervisor" }
 libc = "0.2.113"
 linux-loader = { version = "0.4.0", features = ["elf", "bzimage", "pe"] }
 log = "0.4.14"
-serde = { version = "1.0.134", features = ["rc"] }
+serde = { version = "1.0.135", features = ["rc"] }
 serde_derive = "1.0.135"
 thiserror = "1.0.30"
 versionize = "0.1.6"
diff --git a/event_monitor/Cargo.toml b/event_monitor/Cargo.toml
index 38f00c7a7..51cbf2c81 100644
--- a/event_monitor/Cargo.toml
+++ b/event_monitor/Cargo.toml
@@ -6,6 +6,6 @@ edition = "2018"
 
 [dependencies]
 libc = "0.2.113"
-serde = { version = "1.0.134", features = ["rc"] }
+serde = { version = "1.0.135", features = ["rc"] }
 serde_derive = "1.0.135"
 serde_json = "1.0.78"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index 86c27393a..39cf1307f 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", 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 = "1.0.134", features = ["rc"] }
+serde = { version = "1.0.135", features = ["rc"] }
 serde_derive = "1.0.135"
 serde_json = "1.0.78"
 vm-memory = { version = "0.7.0", features = ["backend-mmap", "backend-atomic"] }
diff --git a/net_util/Cargo.toml b/net_util/Cargo.toml
index 603c7c077..16ba51dbe 100644
--- a/net_util/Cargo.toml
+++ b/net_util/Cargo.toml
@@ -11,7 +11,7 @@ libc = "0.2.113"
 log = "0.4.14"
 net_gen = { path = "../net_gen" }
 rate_limiter = { path = "../rate_limiter" }
-serde = "1.0.134"
+serde = "1.0.135"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
 virtio-bindings = "0.1.0"
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index 278fb1f5b..b30e6d461 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -23,7 +23,7 @@ net_util = { path = "../net_util" }
 pci = { path = "../pci" }
 rate_limiter = { path = "../rate_limiter" }
 seccompiler = "0.2.0"
-serde = "1.0.134"
+serde = "1.0.135"
 serde_derive = "1.0.135"
 serde_json = "1.0.78"
 versionize = "0.1.6"
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index d8e0abb8c..9047c07a2 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -12,7 +12,7 @@ mshv = ["vfio-ioctls/mshv"]
 [dependencies]
 anyhow = "1.0.53"
 thiserror = "1.0.30"
-serde = { version = "1.0.134", features = ["rc"] }
+serde = { version = "1.0.135", features = ["rc"] }
 serde_derive = "1.0.135"
 serde_json = "1.0.78"
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio-ioctls", branch = "main", default-features = false }
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index 88985dfb8..6df7f1ea2 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.53"
 thiserror = "1.0.30"
-serde = { version = "1.0.134", features = ["rc"] }
+serde = { version = "1.0.135", features = ["rc"] }
 serde_derive = "1.0.135"
 serde_json = "1.0.78"
 versionize = "0.1.6"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index db94e2bfd..ac8538954 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 = "0.2.0"
-serde = { version = "1.0.134", features = ["rc"] }
+serde = { version = "1.0.135", features = ["rc"] }
 serde_derive = "1.0.135"
 serde_json = "1.0.78"
 signal-hook = "0.3.13"