diff --git a/Cargo.lock b/Cargo.lock
index 6702d3c94e08cf..85e67fbc9058d2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5016,9 +5016,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.205"
+version = "1.0.207"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e33aedb1a7135da52b7c21791455563facbbcc43d0f0f66165b42c21b3dfb150"
+checksum = "5665e14a49a4ea1b91029ba7d3bca9f299e1f7cfa194388ccc20f14743e784f2"
 dependencies = [
  "serde_derive",
 ]
@@ -5034,9 +5034,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.205"
+version = "1.0.207"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "692d6f5ac90220161d6774db30c662202721e64aed9058d2c394f451261420c1"
+checksum = "6aea2634c86b0e8ef2cfdc0c340baede54ec27b1e46febd7f80dffb2aa44a00e"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 2e4e857533db0d..482ef6a0c4e21e 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -319,9 +319,9 @@ rustls = { version = "0.21.12", default-features = false, features = ["quic"] }
 scopeguard = "1.2.0"
 semver = "1.0.23"
 seqlock = "0.2.0"
-serde = "1.0.205" # must match the serde_derive version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
+serde = "1.0.207" # must match the serde_derive version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
 serde_bytes = "0.11.15"
-serde_derive = "1.0.205" # must match the serde version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
+serde_derive = "1.0.207" # must match the serde version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
 serde_json = "1.0.124"
 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 c08a7d45d0302b..c71bcd9f39eed2 100644
--- a/programs/sbf/Cargo.lock
+++ b/programs/sbf/Cargo.lock
@@ -4170,9 +4170,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.205"
+version = "1.0.207"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e33aedb1a7135da52b7c21791455563facbbcc43d0f0f66165b42c21b3dfb150"
+checksum = "5665e14a49a4ea1b91029ba7d3bca9f299e1f7cfa194388ccc20f14743e784f2"
 dependencies = [
  "serde_derive",
 ]
@@ -4188,9 +4188,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.205"
+version = "1.0.207"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "692d6f5ac90220161d6774db30c662202721e64aed9058d2c394f451261420c1"
+checksum = "6aea2634c86b0e8ef2cfdc0c340baede54ec27b1e46febd7f80dffb2aa44a00e"
 dependencies = [
  "proc-macro2",
  "quote",