diff --git a/README.md b/README.md
index 7537f352..0e8fce1f 100644
--- a/README.md
+++ b/README.md
@@ -72,7 +72,7 @@ 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 | 1.30.0 |
+| <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/complete/main.tf b/examples/complete/main.tf
index d65b8846..7debfbe5 100644
--- a/examples/complete/main.tf
+++ b/examples/complete/main.tf
@@ -21,7 +21,7 @@ locals {
 
 module "key_protect_all_inclusive" {
   source            = "terraform-ibm-modules/kms-all-inclusive/ibm"
-  version           = "5.0.0"
+  version           = "5.0.1"
   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
@@ -58,7 +58,7 @@ data "ibm_iam_account_settings" "iam_account_settings" {
 
 module "vpc" {
   source            = "terraform-ibm-modules/landing-zone-vpc/ibm"
-  version           = "7.22.13"
+  version           = "7.23.1"
   resource_group_id = module.resource_group.resource_group_id
   region            = var.region
   prefix            = var.prefix
@@ -87,7 +87,7 @@ resource "time_sleep" "wait_30_seconds" {
 
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.30.0"
+  version          = "1.31.0"
   name             = "${var.prefix}-VPC-network-zone"
   zone_description = "CBR Network zone representing VPC"
   account_id       = data.ibm_iam_account_settings.iam_account_settings.account_id
diff --git a/examples/fscloud/main.tf b/examples/fscloud/main.tf
index 13a2891d..8397a168 100644
--- a/examples/fscloud/main.tf
+++ b/examples/fscloud/main.tf
@@ -39,7 +39,7 @@ resource "ibm_is_subnet" "testacc_subnet" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.30.0"
+  version          = "1.31.0"
   name             = "${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/main.tf b/main.tf
index af661230..25470a22 100644
--- a/main.tf
+++ b/main.tf
@@ -339,7 +339,7 @@ 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          = "1.30.0"
+  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
diff --git a/solutions/standard/main.tf b/solutions/standard/main.tf
index 8b11f71b..c79d05bc 100644
--- a/solutions/standard/main.tf
+++ b/solutions/standard/main.tf
@@ -39,7 +39,7 @@ module "kms" {
   }
   count                       = local.create_new_kms_key ? 1 : 0
   source                      = "terraform-ibm-modules/kms-all-inclusive/ibm"
-  version                     = "5.0.0"
+  version                     = "5.0.1"
   create_key_protect_instance = false
   region                      = local.kms_region
   existing_kms_instance_crn   = var.existing_kms_instance_crn