diff --git a/README.md b/README.md
index ccba1c1..23b2567 100644
--- a/README.md
+++ b/README.md
@@ -81,7 +81,7 @@ To attach access management tags to resources in this module, you need the follo
 | Name | Source | Version |
 |------|--------|---------|
 | <a name="module_backup_key_crn_parser"></a> [backup\_key\_crn\_parser](#module\_backup\_key\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
-| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.29.0 |
+| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.31.0 |
 | <a name="module_kms_key_crn_parser"></a> [kms\_key\_crn\_parser](#module\_kms\_key\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
 
 ### Resources
diff --git a/examples/backup/main.tf b/examples/backup/main.tf
index e254e30..798e3a2 100644
--- a/examples/backup/main.tf
+++ b/examples/backup/main.tf
@@ -4,7 +4,7 @@
 
 module "resource_group" {
   source  = "terraform-ibm-modules/resource-group/ibm"
-  version = "1.1.6"
+  version = "1.2.0"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
diff --git a/examples/basic/main.tf b/examples/basic/main.tf
index 8698fa7..d103043 100644
--- a/examples/basic/main.tf
+++ b/examples/basic/main.tf
@@ -4,7 +4,7 @@
 
 module "resource_group" {
   source  = "terraform-ibm-modules/resource-group/ibm"
-  version = "1.1.6"
+  version = "1.2.0"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
diff --git a/examples/complete/main.tf b/examples/complete/main.tf
index 7f5be96..6e9b1e4 100644
--- a/examples/complete/main.tf
+++ b/examples/complete/main.tf
@@ -4,7 +4,7 @@
 
 module "resource_group" {
   source  = "terraform-ibm-modules/resource-group/ibm"
-  version = "1.1.6"
+  version = "1.2.0"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
@@ -21,7 +21,7 @@ locals {
 
 module "key_protect_all_inclusive" {
   source            = "terraform-ibm-modules/kms-all-inclusive/ibm"
-  version           = "5.0.0"
+  version           = "5.1.4"
   resource_group_id = module.resource_group.resource_group_id
   # Note: Database instance and Key Protect must be created in the same region when using BYOK
   # See https://cloud.ibm.com/docs/cloud-databases?topic=cloud-databases-key-protect&interface=ui#key-byok
@@ -74,7 +74,7 @@ resource "ibm_is_subnet" "testacc_subnet" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.29.0"
+  version          = "1.31.0"
   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/main.tf b/examples/fscloud/main.tf
index d955523..a66e3ec 100644
--- a/examples/fscloud/main.tf
+++ b/examples/fscloud/main.tf
@@ -4,7 +4,7 @@
 
 module "resource_group" {
   source  = "terraform-ibm-modules/resource-group/ibm"
-  version = "1.1.6"
+  version = "1.2.0"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
@@ -39,7 +39,7 @@ resource "ibm_is_subnet" "testacc_subnet" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.29.0"
+  version          = "1.31.0"
   name             = "${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/pitr/main.tf b/examples/pitr/main.tf
index a0b9ab6..58f1749 100644
--- a/examples/pitr/main.tf
+++ b/examples/pitr/main.tf
@@ -4,7 +4,7 @@
 
 module "resource_group" {
   source  = "terraform-ibm-modules/resource-group/ibm"
-  version = "1.1.6"
+  version = "1.2.0"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
diff --git a/main.tf b/main.tf
index a462ac2..59d7569 100644
--- a/main.tf
+++ b/main.tf
@@ -309,7 +309,7 @@ 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          = "1.29.0"
+  version          = "1.31.0"
   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