diff --git a/packages/snaps-controllers/package.json b/packages/snaps-controllers/package.json
index 0c074dfef6..9f03945b9d 100644
--- a/packages/snaps-controllers/package.json
+++ b/packages/snaps-controllers/package.json
@@ -102,7 +102,7 @@
     "get-npm-tarball-url": "^2.0.3",
     "immer": "^9.0.6",
     "luxon": "^3.5.0",
-    "nanoid": "^3.3.10",
+    "nanoid": "^5.0.9",
     "readable-stream": "^3.6.2",
     "readable-web-to-node-stream": "^3.0.2",
     "semver": "^7.5.4",
diff --git a/packages/snaps-execution-environments/package.json b/packages/snaps-execution-environments/package.json
index faedabeaac..ebaae3eee7 100644
--- a/packages/snaps-execution-environments/package.json
+++ b/packages/snaps-execution-environments/package.json
@@ -73,7 +73,7 @@
     "@metamask/snaps-utils": "workspace:^",
     "@metamask/superstruct": "^3.1.0",
     "@metamask/utils": "^11.2.0",
-    "nanoid": "^3.3.10",
+    "nanoid": "^5.0.9",
     "readable-stream": "^3.6.2"
   },
   "devDependencies": {
diff --git a/yarn.lock b/yarn.lock
index 552187efd3..5ef0566022 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5646,7 +5646,7 @@ __metadata:
     jest-silent-reporter: "npm:^0.6.0"
     luxon: "npm:^3.5.0"
     mkdirp: "npm:^1.0.4"
-    nanoid: "npm:^3.3.10"
+    nanoid: "npm:^5.0.9"
     prettier: "npm:^3.3.3"
     readable-stream: "npm:^3.6.2"
     readable-web-to-node-stream: "npm:^3.0.2"
@@ -5719,7 +5719,7 @@ __metadata:
     jest-silent-reporter: "npm:^0.6.0"
     lavamoat: "npm:^8.0.4"
     lavamoat-browserify: "npm:^17.0.5"
-    nanoid: "npm:^3.3.10"
+    nanoid: "npm:^5.0.9"
     prettier: "npm:^3.3.3"
     readable-stream: "npm:^3.6.2"
     rimraf: "npm:^4.1.2"
@@ -17853,7 +17853,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"nanoid@npm:^3.3.10, nanoid@npm:^3.3.8":
+"nanoid@npm:^3.3.8":
   version: 3.3.11
   resolution: "nanoid@npm:3.3.11"
   bin:
@@ -17862,6 +17862,15 @@ __metadata:
   languageName: node
   linkType: hard
 
+"nanoid@npm:^5.0.9":
+  version: 5.1.5
+  resolution: "nanoid@npm:5.1.5"
+  bin:
+    nanoid: bin/nanoid.js
+  checksum: 10/6de2d006b51c983be385ef7ee285f7f2a57bd96f8c0ca881c4111461644bd81fafc2544f8e07cb834ca0f3e0f3f676c1fe78052183f008b0809efe6e273119f5
+  languageName: node
+  linkType: hard
+
 "napi-build-utils@npm:^1.0.1":
   version: 1.0.2
   resolution: "napi-build-utils@npm:1.0.2"