diff --git a/Cargo.toml b/Cargo.toml
index fcf0863..58d2af7 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -38,7 +38,7 @@ tracing-subscriber = { version = "0.3.11", features = [
 ], default-features = false, optional = true }
 anyhow = "1.0.79"
 # Explicitly depend on serde to enable `rc` feature.
-serde = { version = "1.0.140", features = ["rc"] }
+serde = { version = "1.0.196", features = ["rc"] }
 futures-util = "0.3.30"
 enumflags2 = "0.7.9"
 ntest = "0.9.0"