diff --git a/Cargo.lock b/Cargo.lock
index 2be8e5dc5..3bb068551 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -127,9 +127,9 @@ dependencies = [
 
 [[package]]
 name = "anyhow"
-version = "1.0.98"
+version = "1.0.99"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e16d2d3311acee920a9eb8d33b8cbc1787ce4a264e85f964c2404b969bdcd487"
+checksum = "b0674a1ddeecb70197781e945de4b3b8ffb61fa939a5597bcf48503737663100"
 
 [[package]]
 name = "arbitrary"
diff --git a/src/hyperlight_common/Cargo.toml b/src/hyperlight_common/Cargo.toml
index ac83d6322..a7a307c73 100644
--- a/src/hyperlight_common/Cargo.toml
+++ b/src/hyperlight_common/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 
 [dependencies]
 flatbuffers = { version = "25.2.10", default-features = false }
-anyhow = { version = "1.0.98", default-features = false }
+anyhow = { version = "1.0.99", default-features = false }
 log = "0.4.27"
 tracing = { version = "0.1.41", optional = true }
 arbitrary = {version = "1.4.1", optional = true, features = ["derive"]}
diff --git a/src/hyperlight_guest/Cargo.toml b/src/hyperlight_guest/Cargo.toml
index 90155bb3d..73a669862 100644
--- a/src/hyperlight_guest/Cargo.toml
+++ b/src/hyperlight_guest/Cargo.toml
@@ -12,7 +12,7 @@ Provides only the essential building blocks for interacting with the host enviro
 """
 
 [dependencies]
-anyhow = { version = "1.0.98", default-features = false }
+anyhow = { version = "1.0.99", default-features = false }
 serde_json = { version = "1.0", default-features = false, features = ["alloc"] }
 hyperlight-common = { workspace = true }
 hyperlight-guest-tracing = { workspace = true, default-features = false }
diff --git a/src/hyperlight_host/Cargo.toml b/src/hyperlight_host/Cargo.toml
index 56c5b1c3d..d42a2c175 100644
--- a/src/hyperlight_host/Cargo.toml
+++ b/src/hyperlight_host/Cargo.toml
@@ -119,7 +119,7 @@ windows = { version = "0.61", features = [
 proc-maps = "0.4.0"
 
 [build-dependencies]
-anyhow = { version = "1.0.98" }
+anyhow = { version = "1.0.99" }
 cfg_aliases = "0.2.1"
 built = { version = "0.8.0", optional = true, features = ["chrono", "git2"] }
 
diff --git a/src/hyperlight_testing/Cargo.toml b/src/hyperlight_testing/Cargo.toml
index fca693d16..975397c47 100644
--- a/src/hyperlight_testing/Cargo.toml
+++ b/src/hyperlight_testing/Cargo.toml
@@ -3,7 +3,7 @@ name = "hyperlight-testing"
 edition = "2021"
 
 [dependencies]
-anyhow = "1.0.98"
+anyhow = "1.0.99"
 log = "0.4"
 once_cell = "1.21"
 tracing = { version = "0.1.41", features = ["log"] }