diff --git a/npm-shrinkwrap.json b/npm-shrinkwrap.json
index 0b841b2a0..33b122e8e 100644
--- a/npm-shrinkwrap.json
+++ b/npm-shrinkwrap.json
@@ -15,7 +15,7 @@
 				"@ui5/fs": "^4.0.1",
 				"@ui5/logger": "^4.0.1",
 				"@ui5/project": "^4.0.4",
-				"chalk": "^5.3.0",
+				"chalk": "^5.4.0",
 				"data-with-position": "^0.5.0",
 				"figures": "^6.1.0",
 				"he": "^1.2.0",
@@ -4791,9 +4791,9 @@
 			}
 		},
 		"node_modules/chalk": {
-			"version": "5.3.0",
-			"resolved": "https://registry.npmjs.org/chalk/-/chalk-5.3.0.tgz",
-			"integrity": "sha512-dLitG79d+GV1Nb/VYcCDFivJeK1hiukt9QjRNVOsUtTy1rR1YJsmpGGTZ3qJos+uw7WmWF4wUwBd9jxjocFC2w==",
+			"version": "5.4.0",
+			"resolved": "https://registry.npmjs.org/chalk/-/chalk-5.4.0.tgz",
+			"integrity": "sha512-ZkD35Mx92acjB2yNJgziGqT9oKHEOxjTBTDRpOsRWtdecL/0jM3z5kM/CTzHWvHIen1GvkM85p6TuFfDGfc8/Q==",
 			"engines": {
 				"node": "^12.17.0 || ^14.13 || >=16.0.0"
 			},
diff --git a/package.json b/package.json
index 69015a84a..3c501d1d9 100644
--- a/package.json
+++ b/package.json
@@ -71,7 +71,7 @@
 		"@ui5/fs": "^4.0.1",
 		"@ui5/logger": "^4.0.1",
 		"@ui5/project": "^4.0.4",
-		"chalk": "^5.3.0",
+		"chalk": "^5.4.0",
 		"data-with-position": "^0.5.0",
 		"figures": "^6.1.0",
 		"he": "^1.2.0",