diff --git a/Cargo.lock b/Cargo.lock
index 699606cc3..8d480ee3e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -44,9 +44,9 @@ dependencies = [
 
 [[package]]
 name = "anyhow"
-version = "1.0.45"
+version = "1.0.48"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ee10e43ae4a853c0a3591d4e2ada1719e553be18199d9da9d4a83f5927c2f5c7"
+checksum = "62e1f47f7dc0422027a4e370dd4548d4d66b26782e513e98dca1e689e058a80e"
 
 [[package]]
 name = "api_client"
diff --git a/Cargo.toml b/Cargo.toml
index 63b999f44..6eb88c57d 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -13,7 +13,7 @@ homepage = "https://github.com/cloud-hypervisor/cloud-hypervisor"
 lto = true
 
 [dependencies]
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 api_client = { path = "api_client" }
 clap = { version = "2.33.3", features = ["wrap_help"] }
 epoll = "4.3.1"
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index aa2a9092e..e66ebe919 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -11,7 +11,7 @@ tdx = []
 
 [dependencies]
 acpi_tables = { path = "../acpi_tables", optional = true }
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 byteorder = "1.4.3"
 hypervisor = { path = "../hypervisor" }
 libc = "0.2.107"
diff --git a/devices/Cargo.toml b/devices/Cargo.toml
index a85dec182..7a6e765f3 100644
--- a/devices/Cargo.toml
+++ b/devices/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 acpi_tables = { path = "../acpi_tables", optional = true }
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 arch = { path = "../arch" }
 bitflags = "1.3.2"
 byteorder = "1.4.3"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index d83387969..2a77f78b9 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -11,7 +11,7 @@ mshv = ["mshv-ioctls", "mshv-bindings"]
 tdx = []
 
 [dependencies]
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 epoll = "4.3.1"
 thiserror = "1.0.30"
 libc = "0.2.107"
diff --git a/pci/Cargo.toml b/pci/Cargo.toml
index c19a23ac5..5517c60dd 100644
--- a/pci/Cargo.toml
+++ b/pci/Cargo.toml
@@ -10,7 +10,7 @@ kvm = ["vfio-ioctls/kvm"]
 mshv = ["vfio-ioctls/mshv"]
 
 [dependencies]
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 byteorder = "1.4.3"
 hypervisor = { path = "../hypervisor" }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio-ioctls", branch = "main", default-features = false }
diff --git a/vfio_user/Cargo.toml b/vfio_user/Cargo.toml
index 58277c15a..29c9aa105 100644
--- a/vfio_user/Cargo.toml
+++ b/vfio_user/Cargo.toml
@@ -5,7 +5,7 @@ authors = ["The Cloud Hypervisor Authors"]
 edition = "2018"
 
 [dependencies]
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 libc = "0.2.107"
 log = "0.4.14"
 serde = {version = ">=1.0.27", features = ["rc"] }
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index 014584687..24ae59880 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -10,7 +10,7 @@ io_uring = ["block_util/io_uring"]
 mshv = []
 
 [dependencies]
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 arc-swap = "1.5.0"
 block_util = { path = "../block_util" }
 byteorder = "1.4.3"
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index 2cdba3b2f..e1eec9d0e 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 = "1.0.45"
+anyhow = "1.0.48"
 thiserror = "1.0.30"
 serde = { version = "1.0.130", features = ["rc"] }
 serde_derive = "1.0.130"
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index 815504c09..baf4b3aec 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -5,7 +5,7 @@ authors = ["The Cloud Hypervisor Authors"]
 edition = "2018"
 
 [dependencies]
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 thiserror = "1.0.30"
 serde = { version = "1.0.130", features = ["rc"] }
 serde_derive = "1.0.130"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index 220e8de77..a33a36434 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -16,7 +16,7 @@ tdx = ["arch/tdx", "hypervisor/tdx"]
 
 [dependencies]
 acpi_tables = { path = "../acpi_tables", optional = true }
-anyhow = "1.0.45"
+anyhow = "1.0.48"
 arc-swap = "1.5.0"
 arch = { path = "../arch" }
 bitflags = "1.3.2"