diff --git a/README.md b/README.md
index 0582ffd..9050ec7 100644
--- a/README.md
+++ b/README.md
@@ -70,14 +70,14 @@ To attach access management tags to resources in this module, you need the follo
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.68.1, < 2.0.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.70.0, < 2.0.0 |
 | <a name="requirement_time"></a> [time](#requirement\_time) | >= 0.9.1, < 1.0.0 |
 
 ### Modules
 
 | Name | Source | Version |
 |------|--------|---------|
-| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.27.0 |
+| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.28.1 |
 
 ### Resources
 
diff --git a/examples/backup/version.tf b/examples/backup/version.tf
index 4723504..3804db8 100644
--- a/examples/backup/version.tf
+++ b/examples/backup/version.tf
@@ -4,7 +4,7 @@ terraform {
     # Use latest version of provider in non-basic examples to verify latest version works with module
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.68.1, <2.0.0"
+      version = ">= 1.70.0, <2.0.0"
     }
   }
 }
diff --git a/examples/basic/version.tf b/examples/basic/version.tf
index 6f9d8c2..9badb28 100644
--- a/examples/basic/version.tf
+++ b/examples/basic/version.tf
@@ -4,7 +4,7 @@ terraform {
     # Pin to the lowest provider version of the range defined in the main module's version.tf to ensure lowest version still works
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = "1.68.1"
+      version = "1.70.0"
     }
   }
 }
diff --git a/examples/complete/main.tf b/examples/complete/main.tf
index 8209ff5..4f798f1 100644
--- a/examples/complete/main.tf
+++ b/examples/complete/main.tf
@@ -65,7 +65,7 @@ resource "ibm_is_subnet" "testacc_subnet" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.27.0"
+  version          = "1.28.1"
   name             = "${var.prefix}-VPC-network-zone"
   zone_description = "CBR Network zone representing VPC"
   account_id       = data.ibm_iam_account_settings.iam_account_settings.account_id
diff --git a/examples/complete/version.tf b/examples/complete/version.tf
index 22948f4..b14b0f0 100644
--- a/examples/complete/version.tf
+++ b/examples/complete/version.tf
@@ -4,7 +4,7 @@ terraform {
     # Use latest version of provider in non-basic examples to verify latest version works with module
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.68.1, <2.0.0"
+      version = ">= 1.70.0, <2.0.0"
     }
     time = {
       source  = "hashicorp/time"
diff --git a/examples/fscloud/main.tf b/examples/fscloud/main.tf
index 7ca2da7..a4624aa 100644
--- a/examples/fscloud/main.tf
+++ b/examples/fscloud/main.tf
@@ -39,7 +39,7 @@ resource "ibm_is_subnet" "testacc_subnet" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.27.0"
+  version          = "1.28.1"
   name             = "${var.prefix}-VPC-network-zone"
   zone_description = "CBR Network zone representing VPC"
   account_id       = data.ibm_iam_account_settings.iam_account_settings.account_id
diff --git a/examples/fscloud/version.tf b/examples/fscloud/version.tf
index 4723504..3804db8 100644
--- a/examples/fscloud/version.tf
+++ b/examples/fscloud/version.tf
@@ -4,7 +4,7 @@ terraform {
     # Use latest version of provider in non-basic examples to verify latest version works with module
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.68.1, <2.0.0"
+      version = ">= 1.70.0, <2.0.0"
     }
   }
 }
diff --git a/examples/pitr/version.tf b/examples/pitr/version.tf
index 4723504..3804db8 100644
--- a/examples/pitr/version.tf
+++ b/examples/pitr/version.tf
@@ -4,7 +4,7 @@ terraform {
     # Use latest version of provider in non-basic examples to verify latest version works with module
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.68.1, <2.0.0"
+      version = ">= 1.70.0, <2.0.0"
     }
   }
 }
diff --git a/main.tf b/main.tf
index 0e3597c..59d7d19 100644
--- a/main.tf
+++ b/main.tf
@@ -188,7 +188,7 @@ resource "ibm_resource_tag" "enterprisedb_tag" {
 module "cbr_rule" {
   count            = length(var.cbr_rules) > 0 ? length(var.cbr_rules) : 0
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module"
-  version          = "1.27.0"
+  version          = "1.28.1"
   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/modules/fscloud/README.md b/modules/fscloud/README.md
index b5fc050..36c1c5c 100644
--- a/modules/fscloud/README.md
+++ b/modules/fscloud/README.md
@@ -14,7 +14,7 @@ The IBM Cloud Framework for Financial Services mandates the application of an in
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.68.1, <2.0.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.70.0, <2.0.0 |
 
 ### Modules
 
diff --git a/modules/fscloud/version.tf b/modules/fscloud/version.tf
index 3f52085..ffce2a6 100644
--- a/modules/fscloud/version.tf
+++ b/modules/fscloud/version.tf
@@ -8,7 +8,7 @@ terraform {
     ibm = {
       source = "IBM-Cloud/ibm"
       # Use "greater than or equal to" range in modules
-      version = ">= 1.68.1, <2.0.0"
+      version = ">= 1.70.0, <2.0.0"
     }
   }
 }
diff --git a/version.tf b/version.tf
index 76ecbac..03b11d9 100644
--- a/version.tf
+++ b/version.tf
@@ -4,7 +4,7 @@ terraform {
     # Use "greater than or equal to" range in modules
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.68.1, < 2.0.0"
+      version = ">= 1.70.0, < 2.0.0"
     }
     time = {
       source  = "hashicorp/time"