diff --git a/Cargo.lock b/Cargo.lock
index b997aa12670df0..db6a3e4d40e994 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5032,9 +5032,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.203"
+version = "1.0.204"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7253ab4de971e72fb7be983802300c30b5a7f0c2e56fab8abfc6a214307c0094"
+checksum = "bc76f558e0cbb2a839d37354c575f1dc3fdc6546b5be373ba43d95f231bf7c12"
 dependencies = [
  "serde_derive",
 ]
@@ -5050,9 +5050,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.203"
+version = "1.0.204"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "500cbc0ebeb6f46627f50f3f5811ccf6bf00643be300b4c3eabc0ef55dc5b5ba"
+checksum = "e0cd7e117be63d3c3678776753929474f3b04a43a080c744d6b0ae2a8c28e222"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index c49cf19f2fac82..67e4ea7c0d7cd0 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -307,9 +307,9 @@ rustls = { version = "0.21.12", default-features = false, features = ["quic"] }
 scopeguard = "1.2.0"
 semver = "1.0.23"
 seqlock = "0.2.0"
-serde = "1.0.203" # must match the serde_derive version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
+serde = "1.0.204" # must match the serde_derive version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
 serde_bytes = "0.11.15"
-serde_derive = "1.0.203" # must match the serde version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
+serde_derive = "1.0.204" # must match the serde version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
 serde_json = "1.0.120"
 serde_with = { version = "2.3.3", default-features = false }
 serde_yaml = "0.9.34"
diff --git a/programs/sbf/Cargo.lock b/programs/sbf/Cargo.lock
index d8a5fc7929e5d9..e557461f467acb 100644
--- a/programs/sbf/Cargo.lock
+++ b/programs/sbf/Cargo.lock
@@ -4228,9 +4228,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.203"
+version = "1.0.204"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7253ab4de971e72fb7be983802300c30b5a7f0c2e56fab8abfc6a214307c0094"
+checksum = "bc76f558e0cbb2a839d37354c575f1dc3fdc6546b5be373ba43d95f231bf7c12"
 dependencies = [
  "serde_derive",
 ]
@@ -4246,9 +4246,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.203"
+version = "1.0.204"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "500cbc0ebeb6f46627f50f3f5811ccf6bf00643be300b4c3eabc0ef55dc5b5ba"
+checksum = "e0cd7e117be63d3c3678776753929474f3b04a43a080c744d6b0ae2a8c28e222"
 dependencies = [
  "proc-macro2",
  "quote",