diff --git a/README.md b/README.md
index 18b0d9b..5859bc4 100644
--- a/README.md
+++ b/README.md
@@ -152,7 +152,7 @@ You need the following permissions to run this module.
 
 | Name | Source | Version |
 |------|--------|---------|
-| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.33.6 |
+| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.33.7 |
 
 ### Resources
 
diff --git a/common-dev-assets b/common-dev-assets
index 1df43f2..ae23e02 160000
--- a/common-dev-assets
+++ b/common-dev-assets
@@ -1 +1 @@
-Subproject commit 1df43f2daf97a529d05350408d32a12f50d89fbf
+Subproject commit ae23e021950779a9c0612e71ce51d074f14b7543
diff --git a/examples/advanced/main.tf b/examples/advanced/main.tf
index 4cdc6c9..543d212 100644
--- a/examples/advanced/main.tf
+++ b/examples/advanced/main.tf
@@ -16,7 +16,7 @@ module "resource_group" {
 
 module "cbr_schematics_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.33.6"
+  version          = "1.33.7"
   name             = "${var.prefix}-schematics-network-zone"
   zone_description = "CBR Network zone containing Schematics"
   account_id       = module.cloud_monitoring.account_id
diff --git a/main.tf b/main.tf
index ebe74f8..f05700f 100644
--- a/main.tf
+++ b/main.tf
@@ -75,7 +75,7 @@ locals {
 module "cbr_rule" {
   count            = length(var.cbr_rules)
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module"
-  version          = "1.33.6"
+  version          = "1.33.7"
   rule_description = var.cbr_rules[count.index].description
   enforcement_mode = var.cbr_rules[count.index].enforcement_mode
   rule_contexts    = var.cbr_rules[count.index].rule_contexts
diff --git a/tests/existing-resources/main.tf b/tests/existing-resources/main.tf
index 4ed80d8..f3852cc 100644
--- a/tests/existing-resources/main.tf
+++ b/tests/existing-resources/main.tf
@@ -14,7 +14,7 @@ module "resource_group" {
 
 module "cloud_monitoring" {
   source            = "terraform-ibm-modules/cloud-monitoring/ibm"
-  version           = "1.10.0"
+  version           = "1.10.1"
   region            = var.region
   resource_group_id = module.resource_group.resource_group_id
   resource_tags     = var.resource_tags