diff --git a/README.md b/README.md
index 81fb0a69..4873547f 100644
--- a/README.md
+++ b/README.md
@@ -64,14 +64,14 @@ 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 |
 
 ### 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 a454965e..45c8d81f 100644
--- a/examples/backup/version.tf
+++ b/examples/backup/version.tf
@@ -5,7 +5,7 @@ terraform {
     # module's version.tf (basic example), and 1 example that will always use the latest provider version (complete example).
     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 9dfc373d..8cba3c6a 100644
--- a/examples/basic/version.tf
+++ b/examples/basic/version.tf
@@ -5,7 +5,7 @@ terraform {
     # module's version.tf (basic example), and 1 example that will always use the latest provider version (complete example).
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = "1.68.1"
+      version = "1.70.0"
     }
 
     time = {
diff --git a/examples/complete/main.tf b/examples/complete/main.tf
index a023a752..876abe4b 100644
--- a/examples/complete/main.tf
+++ b/examples/complete/main.tf
@@ -78,7 +78,7 @@ resource "time_sleep" "wait_30_seconds" {
 
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.27.0"
+  version          = "1.28.1"
   name             = "${var.prefix}-VPC-network-zone"
   zone_description = "CBR Network zone representing VPC"
   account_id       = data.ibm_iam_account_settings.iam_account_settings.account_id
diff --git a/examples/complete/version.tf b/examples/complete/version.tf
index 4dd2fa6b..452f6fa8 100644
--- a/examples/complete/version.tf
+++ b/examples/complete/version.tf
@@ -5,7 +5,7 @@ terraform {
     # module's version.tf (basic example), and 1 example that will always use the latest provider version (complete example).
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">=1.68.1, <2.0.0"
+      version = ">=1.70.0, <2.0.0"
     }
     time = {
       source  = "hashicorp/time"
diff --git a/examples/fscloud/main.tf b/examples/fscloud/main.tf
index d4f08eca..88cf641f 100644
--- a/examples/fscloud/main.tf
+++ b/examples/fscloud/main.tf
@@ -39,7 +39,7 @@ resource "ibm_is_subnet" "testacc_subnet" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.27.0"
+  version          = "1.28.1"
   name             = "${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 a454965e..45c8d81f 100644
--- a/examples/fscloud/version.tf
+++ b/examples/fscloud/version.tf
@@ -5,7 +5,7 @@ terraform {
     # module's version.tf (basic example), and 1 example that will always use the latest provider version (complete example).
     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 a454965e..45c8d81f 100644
--- a/examples/pitr/version.tf
+++ b/examples/pitr/version.tf
@@ -5,7 +5,7 @@ terraform {
     # module's version.tf (basic example), and 1 example that will always use the latest provider version (complete example).
     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 bfbf4f6d..e9388bb5 100644
--- a/main.tf
+++ b/main.tf
@@ -213,7 +213,7 @@ resource "ibm_resource_tag" "postgresql_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 4eb15f96..5fd7a077 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 6fd8a892..36ba5643 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/solutions/standard/version.tf b/solutions/standard/version.tf
index 471c08c1..1cf7f744 100644
--- a/solutions/standard/version.tf
+++ b/solutions/standard/version.tf
@@ -5,7 +5,7 @@ terraform {
   required_providers {
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = "1.69.2"
+      version = "1.70.0"
     }
     time = {
       source  = "hashicorp/time"
diff --git a/version.tf b/version.tf
index 9b670e69..e8ac7f0a 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"