diff --git a/Cargo.lock b/Cargo.lock
index 0e699a6e6..93a00d258 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -924,9 +924,9 @@ checksum = "8b9875c23cf305cd1fd7eb77234cbb705f21ea6a72c637a5c6db5fe4b8e7f008"
 
 [[package]]
 name = "serde_derive"
-version = "1.0.131"
+version = "1.0.132"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b710a83c4e0dff6a3d511946b95274ad9ca9e5d3ae497b63fda866ac955358d2"
+checksum = "ecc0db5cb2556c0e558887d9bbdcf6ac4471e83ff66cf696e5419024d1606276"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/arch/Cargo.toml b/arch/Cargo.toml
index 09140330e..ca2842376 100644
--- a/arch/Cargo.toml
+++ b/arch/Cargo.toml
@@ -18,7 +18,7 @@ libc = "0.2.112"
 linux-loader = { version = "0.4.0", features = ["elf", "bzimage", "pe"] }
 log = "0.4.14"
 serde = { version = "1.0.132", features = ["rc"] }
-serde_derive = "1.0.131"
+serde_derive = "1.0.132"
 thiserror = "1.0.30"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
diff --git a/event_monitor/Cargo.toml b/event_monitor/Cargo.toml
index c10dffb0d..54e841725 100644
--- a/event_monitor/Cargo.toml
+++ b/event_monitor/Cargo.toml
@@ -7,5 +7,5 @@ edition = "2018"
 [dependencies]
 libc = "0.2.112"
 serde = { version = "1.0.132", features = ["rc"] }
-serde_derive = "1.0.131"
+serde_derive = "1.0.132"
 serde_json = "1.0.73"
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index 6a5647612..ba76ebaff 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -21,7 +21,7 @@ kvm-bindings = { git = "https://github.com/cloud-hypervisor/kvm-bindings", branc
 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 = "1.0.132", features = ["rc"] }
-serde_derive = "1.0.131"
+serde_derive = "1.0.132"
 serde_json = "1.0.73"
 vm-memory = { version = "0.6.0", features = ["backend-mmap", "backend-atomic"] }
 vmm-sys-util = { version = "0.9.0", features = ["with-serde"] }
diff --git a/virtio-devices/Cargo.toml b/virtio-devices/Cargo.toml
index c4a849890..db1ff4977 100644
--- a/virtio-devices/Cargo.toml
+++ b/virtio-devices/Cargo.toml
@@ -25,7 +25,7 @@ pci = { path = "../pci" }
 rate_limiter = { path = "../rate_limiter" }
 seccompiler = "0.2.0"
 serde = "1.0.132"
-serde_derive = "1.0.131"
+serde_derive = "1.0.132"
 serde_json = "1.0.73"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
diff --git a/vm-device/Cargo.toml b/vm-device/Cargo.toml
index ce364fd79..9e563d8d3 100644
--- a/vm-device/Cargo.toml
+++ b/vm-device/Cargo.toml
@@ -13,7 +13,7 @@ mshv = ["vfio-ioctls/mshv"]
 anyhow = "1.0.51"
 thiserror = "1.0.30"
 serde = { version = "1.0.132", features = ["rc"] }
-serde_derive = "1.0.131"
+serde_derive = "1.0.132"
 serde_json = "1.0.73"
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio-ioctls", branch = "main", default-features = false }
 vm-memory = { version = "0.6.0", features = ["backend-mmap"] }
diff --git a/vm-migration/Cargo.toml b/vm-migration/Cargo.toml
index 88ddd6b77..0e5425947 100644
--- a/vm-migration/Cargo.toml
+++ b/vm-migration/Cargo.toml
@@ -8,7 +8,7 @@ edition = "2018"
 anyhow = "1.0.51"
 thiserror = "1.0.30"
 serde = { version = "1.0.132", features = ["rc"] }
-serde_derive = "1.0.131"
+serde_derive = "1.0.132"
 serde_json = "1.0.73"
 versionize = "0.1.6"
 versionize_derive = "0.1.4"
diff --git a/vmm/Cargo.toml b/vmm/Cargo.toml
index 2a801917e..f458492b3 100644
--- a/vmm/Cargo.toml
+++ b/vmm/Cargo.toml
@@ -37,7 +37,7 @@ pci = { path = "../pci" }
 qcow = { path = "../qcow" }
 seccompiler = "0.2.0"
 serde = { version = "1.0.132", features = ["rc"] }
-serde_derive = "1.0.131"
+serde_derive = "1.0.132"
 serde_json = "1.0.73"
 signal-hook = "0.3.12"
 thiserror = "1.0.30"