diff --git a/Cargo.lock b/Cargo.lock
index 295b21e6231b4..e40cde08db8ef 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7392,9 +7392,9 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.173"
+version = "1.0.174"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e91f70896d6720bc714a4a57d22fc91f1db634680e65c8efe13323f1fa38d53f"
+checksum = "3b88756493a5bd5e5395d53baa70b194b05764ab85b59e43e4b8f4e1192fa9b1"
 dependencies = [
  "serde_derive",
 ]
@@ -7452,9 +7452,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.173"
+version = "1.0.174"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a6250dde8342e0232232be9ca3db7aa40aceb5a3e5dd9bddbc00d99a007cde49"
+checksum = "6e5c3a298c7f978e53536f95a63bdc4c4a64550582f31a0359a9afda6aede62e"
 dependencies = [
  "proc-macro2 1.0.66",
  "quote 1.0.31",
diff --git a/Cargo.toml b/Cargo.toml
index 9e16b36abe039..da75c16ae8eb7 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -194,7 +194,7 @@ opendal = {version = "0.38", default-features = false, features = ["native-tls",
 tower = { version = "0.4.13", default-features = false, features = ["buffer", "limit", "retry", "timeout", "util", "balance", "discover"] }
 tower-http = { version = "0.4.2", default-features = false, features = ["decompression-gzip"]}
 # Serde
-serde = { version = "1.0.173", default-features = false, features = ["derive"] }
+serde = { version = "1.0.174", default-features = false, features = ["derive"] }
 serde-toml-merge = { version = "0.3.0", default-features = false }
 serde_bytes = { version = "0.11.12", default-features = false, features = ["std"], optional = true }
 serde_json = { version = "1.0.103", default-features = false, features = ["raw_value"] }
diff --git a/lib/vector-api-client/Cargo.toml b/lib/vector-api-client/Cargo.toml
index cdfb7504ba35f..9f6b4e766eacf 100644
--- a/lib/vector-api-client/Cargo.toml
+++ b/lib/vector-api-client/Cargo.toml
@@ -9,7 +9,7 @@ license = "MPL-2.0"
 [dependencies]
 
 # Serde
-serde = { version = "1.0.173", default-features = false, features = ["derive"] }
+serde = { version = "1.0.174", default-features = false, features = ["derive"] }
 serde_json = { version = "1.0.103", default-features = false, features = ["raw_value"] }
 
 # Error handling
diff --git a/lib/vector-buffers/Cargo.toml b/lib/vector-buffers/Cargo.toml
index 4e61c7023fa11..25a35d888dcb1 100644
--- a/lib/vector-buffers/Cargo.toml
+++ b/lib/vector-buffers/Cargo.toml
@@ -21,7 +21,7 @@ metrics = "0.21.1"
 num-traits = { version = "0.2.16", default-features = false }
 pin-project = { version = "1.1.2", default-features = false }
 rkyv = { version = "0.7.40", default-features = false, features = ["size_32", "std", "strict", "validation"] }
-serde = { version = "1.0.173", default-features = false, features = ["derive"] }
+serde = { version = "1.0.174", default-features = false, features = ["derive"] }
 snafu = { version = "0.7.5", default-features = false, features = ["std"] }
 tokio-util = { version = "0.7.0", default-features = false }
 tokio = { version = "1.29.1", default-features = false, features = ["rt", "macros", "rt-multi-thread", "sync", "fs", "io-util", "time"] }
diff --git a/lib/vector-common/Cargo.toml b/lib/vector-common/Cargo.toml
index 7b07afb822d50..dc2f324ad6e77 100644
--- a/lib/vector-common/Cargo.toml
+++ b/lib/vector-common/Cargo.toml
@@ -56,7 +56,7 @@ paste = "1.0.14"
 pin-project = { version = "1.1.2", default-features = false }
 ryu = { version = "1", default-features = false }
 serde_json = { version = "1.0.103", default-features = false, features = ["std", "raw_value"] }
-serde = { version = "1.0.173", optional = true, features = ["derive"] }
+serde = { version = "1.0.174", optional = true, features = ["derive"] }
 smallvec = { version = "1", default-features = false }
 snafu = { version = "0.7", optional = true }
 stream-cancel = { version = "0.8.1", default-features = false }
diff --git a/lib/vector-config-macros/Cargo.toml b/lib/vector-config-macros/Cargo.toml
index d15cd12c6ed76..45769f8836037 100644
--- a/lib/vector-config-macros/Cargo.toml
+++ b/lib/vector-config-macros/Cargo.toml
@@ -16,5 +16,5 @@ syn = { version = "2.0", default-features = false, features = ["full", "extra-tr
 vector-config-common = { path = "../vector-config-common" }
 
 [dev-dependencies]
-serde = { version = "1.0.173", default-features = false }
+serde = { version = "1.0.174", default-features = false }
 vector-config = { path = "../vector-config" }
diff --git a/lib/vector-core/Cargo.toml b/lib/vector-core/Cargo.toml
index dbfb75cd0731f..3db035712a829 100644
--- a/lib/vector-core/Cargo.toml
+++ b/lib/vector-core/Cargo.toml
@@ -40,7 +40,7 @@ prost = { version = "0.11", default-features = false, features = ["std"] }
 quanta = { version = "0.11.1", default-features = false }
 regex = { version = "1.9.1", default-features = false, features = ["std", "perf"] }
 ryu = { version = "1", default-features = false }
-serde = { version = "1.0.173", default-features = false, features = ["derive", "rc"] }
+serde = { version = "1.0.174", default-features = false, features = ["derive", "rc"] }
 serde_json = { version = "1.0.103", default-features = false }
 serde_with = { version = "3.1.0", default-features = false, features = ["std", "macros"] }
 smallvec = { version = "1", default-features = false, features = ["serde", "const_generics"] }
diff --git a/lib/vector-lookup/Cargo.toml b/lib/vector-lookup/Cargo.toml
index 0edc385a6f165..2e01b22cfb2dd 100644
--- a/lib/vector-lookup/Cargo.toml
+++ b/lib/vector-lookup/Cargo.toml
@@ -7,7 +7,7 @@ publish = false
 license = "MPL-2.0"
 
 [dependencies]
-serde = { version = "1.0.173", default-features = false, features = ["derive", "alloc"] }
+serde = { version = "1.0.174", default-features = false, features = ["derive", "alloc"] }
 vector-config = { path = "../vector-config" }
 vector-config-macros = { path = "../vector-config-macros" }
 vrl.workspace = true