diff --git a/Cargo.lock b/Cargo.lock
index 1ed06136646..01ee23119f2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5287,18 +5287,18 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.196"
+version = "1.0.203"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "870026e60fa08c69f064aa766c10f10b1d62db9ccd4d0abb206472bee0ce3b32"
+checksum = "7253ab4de971e72fb7be983802300c30b5a7f0c2e56fab8abfc6a214307c0094"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.196"
+version = "1.0.203"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "33c85360c95e7d137454dc81d9a4ed2b8efd8fbe19cee57357b32b9771fccb67"
+checksum = "500cbc0ebeb6f46627f50f3f5811ccf6bf00643be300b4c3eabc0ef55dc5b5ba"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/hole-punching-tests/Cargo.toml b/hole-punching-tests/Cargo.toml
index 9e6fb15965d..01f292cdb85 100644
--- a/hole-punching-tests/Cargo.toml
+++ b/hole-punching-tests/Cargo.toml
@@ -13,6 +13,6 @@ libp2p = { path = "../libp2p", features = ["tokio", "dcutr", "identify", "macros
 tracing = "0.1.37"
 redis = { version = "0.23.0", default-features = false, features = ["tokio-comp"] }
 tokio = { version = "1.36.0", features = ["full"] }
-serde = { version = "1.0.196", features = ["derive"] }
+serde = { version = "1.0.203", features = ["derive"] }
 serde_json = "1.0.113"
 either = "1.9.0"
diff --git a/misc/keygen/Cargo.toml b/misc/keygen/Cargo.toml
index c7989fb4793..86a96ff0201 100644
--- a/misc/keygen/Cargo.toml
+++ b/misc/keygen/Cargo.toml
@@ -15,7 +15,7 @@ release = false
 [dependencies]
 clap = { version = "4.4.16", features = ["derive"] }
 zeroize = "1"
-serde = { version = "1.0.196", features = ["derive"] }
+serde = { version = "1.0.203", features = ["derive"] }
 serde_json = "1.0.113"
 libp2p-core = { workspace = true }
 base64 = "0.21.7"
diff --git a/misc/server/Cargo.toml b/misc/server/Cargo.toml
index 9653ddc5d76..684eacd19f4 100644
--- a/misc/server/Cargo.toml
+++ b/misc/server/Cargo.toml
@@ -18,7 +18,7 @@ futures-timer = "3"
 hyper = { version = "0.14", features = ["server", "tcp", "http1"] }
 libp2p = { workspace = true, features = ["autonat", "dns", "tokio", "noise", "tcp", "yamux", "identify", "kad", "ping", "relay", "metrics", "rsa", "macros", "quic", "websocket"] }
 prometheus-client = { workspace = true }
-serde = "1.0.196"
+serde = "1.0.203"
 serde_derive = "1.0.125"
 serde_json = "1.0"
 tokio = { version = "1", features = ["rt-multi-thread", "macros"] }