diff --git a/Cargo.lock b/Cargo.lock
index d28164c7e..7d5ab0331 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -98,9 +98,9 @@ dependencies = [
 
 [[package]]
 name = "anyhow"
-version = "1.0.93"
+version = "1.0.94"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4c95c10ba0b00a02636238b814946408b1322d5ac4760326e6fb8ec956d85775"
+checksum = "c1fd03a028ef38ba2276dce7e33fcd6369c158a1bca17946c4b1b701891c1ff7"
 
 [[package]]
 name = "arbitrary"
diff --git a/src/hyperlight_common/Cargo.toml b/src/hyperlight_common/Cargo.toml
index bc5161f8c..b0ff2c145 100644
--- a/src/hyperlight_common/Cargo.toml
+++ b/src/hyperlight_common/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 
 [dependencies]
 flatbuffers = { version = "24.3.25", default-features = false }
-anyhow = { version = "1.0.72", default-features = false }
+anyhow = { version = "1.0.94", default-features = false }
 log = "0.4.20"
 tracing = { version = "0.1.41", optional = true }
 strum = {version = "0.26",  default-features = false, features = ["derive"]}
diff --git a/src/hyperlight_guest/Cargo.toml b/src/hyperlight_guest/Cargo.toml
index 8f218b1f7..d70559c9d 100644
--- a/src/hyperlight_guest/Cargo.toml
+++ b/src/hyperlight_guest/Cargo.toml
@@ -19,7 +19,7 @@ printf = [] # compile printf
 alloca = [] # compile alloca wrapper
 
 [dependencies]
-anyhow = { version = "1.0.45", default-features = false }
+anyhow = { version = "1.0.94", default-features = false }
 serde_json = { version = "1.0", default-features = false, features = ["alloc"] }
 buddy_system_allocator = "0.11.0"
 hyperlight-common = { workspace = true }
diff --git a/src/hyperlight_host/Cargo.toml b/src/hyperlight_host/Cargo.toml
index 4b2cfca20..5c0067ae1 100644
--- a/src/hyperlight_host/Cargo.toml
+++ b/src/hyperlight_host/Cargo.toml
@@ -108,7 +108,7 @@ windows = { version = "0.58", features = [
 proc-maps = "0.4.0"
 
 [build-dependencies]
-anyhow = { version = "1.0.75" }
+anyhow = { version = "1.0.94" }
 cfg_aliases = "0.2.1"
 built = { version = "0.7.0", features = ["chrono", "git2"] }
 
diff --git a/src/hyperlight_testing/Cargo.toml b/src/hyperlight_testing/Cargo.toml
index bc12fb009..37fcaf697 100644
--- a/src/hyperlight_testing/Cargo.toml
+++ b/src/hyperlight_testing/Cargo.toml
@@ -3,7 +3,7 @@ name = "hyperlight-testing"
 edition = "2021"
 
 [dependencies]
-anyhow = "1.0.72"
+anyhow = "1.0.94"
 log = "0.4"
 once_cell = "1.19"
 tracing = { version = "0.1.41", features = ["log"] }