diff --git a/cumulus/Cargo.lock b/cumulus/Cargo.lock
index 3bb509f77b2aca270f4585f23f1e59081a996d45..99c1a4e512ccf740875abe809fb80207f82a7723 100644
--- a/cumulus/Cargo.lock
+++ b/cumulus/Cargo.lock
@@ -12201,18 +12201,18 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.160"
+version = "1.0.162"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bb2f3770c8bce3bcda7e149193a069a0f4365bda1fa5cd88e03bca26afc1216c"
+checksum = "71b2f6e1ab5c2b98c05f0f35b236b22e8df7ead6ffbf51d7808da7f8817e7ab6"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.160"
+version = "1.0.162"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "291a097c63d8497e00160b166a967a4a79c64f3facdd01cbd7502231688d77df"
+checksum = "a2a0814352fd64b58489904a44ea8d90cb1a91dcb6b4f5ebabc32c8318e93cb6"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/cumulus/client/relay-chain-rpc-interface/Cargo.toml b/cumulus/client/relay-chain-rpc-interface/Cargo.toml
index b23ef658f75153bbee839320612d4cc0695e84ab..962377874c1de9f332b30c617eddd3d956297279 100644
--- a/cumulus/client/relay-chain-rpc-interface/Cargo.toml
+++ b/cumulus/client/relay-chain-rpc-interface/Cargo.toml
@@ -31,5 +31,5 @@ tracing = "0.1.37"
 async-trait = "0.1.68"
 url = "2.3.1"
 serde_json = "1.0.96"
-serde = "1.0.160"
+serde = "1.0.162"
 lru = "0.9.0"
diff --git a/cumulus/parachain-template/node/Cargo.toml b/cumulus/parachain-template/node/Cargo.toml
index a1734127c1109425e21472830365ac8e4ee72b59..3ded5c15bf79a9f3844330e9439ca3dbf834adf8 100644
--- a/cumulus/parachain-template/node/Cargo.toml
+++ b/cumulus/parachain-template/node/Cargo.toml
@@ -13,7 +13,7 @@ build = "build.rs"
 clap = { version = "4.2.7", features = ["derive"] }
 log = "0.4.17"
 codec = { package = "parity-scale-codec", version = "3.0.0" }
-serde = { version = "1.0.160", features = ["derive"] }
+serde = { version = "1.0.162", features = ["derive"] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 
 # Local
diff --git a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
index 4f7338a8e812ed0c17d42dfd0d34250e60d923f7..d8cce46eadd67687649b4dfc2527424acf3579f1 100644
--- a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
+++ b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.160", optional = true, features = ["derive"] }
+serde = { version = "1.0.162", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
index 3b42507b1da414252d97075f28eb4475d8e87b0b..0412e56112cb4a02f75c30b20f33543ffb89dc88 100644
--- a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
+++ b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.160", optional = true, features = ["derive"] }
+serde = { version = "1.0.162", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
index 5722136abb002f2030edee423aa80e07deaebb77..adcc2c02813a3e4081808d9ae89238a9e108c88a 100644
--- a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
+++ b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.160", optional = true, features = ["derive"] }
+serde = { version = "1.0.162", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/cumulus/polkadot-parachain/Cargo.toml b/cumulus/polkadot-parachain/Cargo.toml
index 7dc9d6e27f0301b93e1093fa89fefeaf11999726..78f5fc83dab7f448762694cfa82ddbd63d475b03 100644
--- a/cumulus/polkadot-parachain/Cargo.toml
+++ b/cumulus/polkadot-parachain/Cargo.toml
@@ -17,7 +17,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 futures = "0.3.28"
 hex-literal = "0.4.1"
 log = "0.4.17"
-serde = { version = "1.0.160", features = ["derive"] }
+serde = { version = "1.0.162", features = ["derive"] }
 
 # Local
 rococo-parachain-runtime = { path = "../parachains/runtimes/testing/rococo-parachain" }
diff --git a/cumulus/test/service/Cargo.toml b/cumulus/test/service/Cargo.toml
index d36ae55688d16a9c6d708951572f34f1a897387c..4f0fc627bad9487a83357bfa348b01a2dccda7bb 100644
--- a/cumulus/test/service/Cargo.toml
+++ b/cumulus/test/service/Cargo.toml
@@ -15,7 +15,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 criterion = { version = "0.4.0", features = [ "async_tokio" ] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 rand = "0.8.5"
-serde = { version = "1.0.160", features = ["derive"] }
+serde = { version = "1.0.162", features = ["derive"] }
 tokio = { version = "1.28.0", features = ["macros"] }
 tracing = "0.1.37"
 url = "2.3.1"