diff --git a/README.md b/README.md
index e072dd2e..c0565406 100644
--- a/README.md
+++ b/README.md
@@ -71,9 +71,9 @@ 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 | 1.31.0 |
-| <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 |
+| <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 | 1.2.0 |
+| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.32.2 |
+| <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 | 1.2.0 |
 
 ### Resources
 
diff --git a/examples/backup/main.tf b/examples/backup/main.tf
index 48756b08..c831b156 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 = "1.2.0"
+  version = "1.2.1"
   # 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 cde9de5d..6b3e80c6 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 = "1.2.0"
+  version = "1.2.1"
   # 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 102f595a..42e7ffd1 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 = "1.2.0"
+  version = "1.2.1"
   # 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           = "5.1.7"
+  version           = "5.1.9"
   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           = "7.23.12"
+  version           = "7.25.8"
   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          = "1.31.0"
+  version          = "1.32.2"
   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
@@ -177,7 +177,7 @@ resource "time_sleep" "wait_120_seconds" {
 
 module "vpe" {
   source  = "terraform-ibm-modules/vpe-gateway/ibm"
-  version = "4.5.0"
+  version = "4.6.6"
   prefix  = "vpe-to-pg"
   cloud_service_by_crn = [
     {
diff --git a/examples/fscloud/main.tf b/examples/fscloud/main.tf
index 4cd42594..5fc59c47 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 = "1.2.0"
+  version = "1.2.1"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
@@ -39,7 +39,7 @@ resource "ibm_is_subnet" "testacc_subnet" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.31.0"
+  version          = "1.32.2"
   name             = "${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 f8742f40..adbdac59 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 = "1.2.0"
+  version = "1.2.1"
   # 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 a8249a51..4f2e5bb3 100644
--- a/main.tf
+++ b/main.tf
@@ -31,14 +31,14 @@ locals {
 module "kms_key_crn_parser" {
   count   = local.parse_kms_key ? 1 : 0
   source  = "terraform-ibm-modules/common-utilities/ibm//modules/crn-parser"
-  version = "1.1.0"
+  version = "1.2.0"
   crn     = var.kms_key_crn
 }
 
 module "backup_key_crn_parser" {
   count   = local.parse_backup_kms_key ? 1 : 0
   source  = "terraform-ibm-modules/common-utilities/ibm//modules/crn-parser"
-  version = "1.1.0"
+  version = "1.2.0"
   crn     = local.backup_encryption_key_crn
 }
 
@@ -324,7 +324,7 @@ resource "ibm_resource_tag" "access_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          = "1.31.0"
+  version          = "1.32.2"
   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/fully-configurable/main.tf b/solutions/fully-configurable/main.tf
index 7b54ba91..43bc695b 100644
--- a/solutions/fully-configurable/main.tf
+++ b/solutions/fully-configurable/main.tf
@@ -7,7 +7,7 @@ locals {
 
 module "resource_group" {
   source                       = "terraform-ibm-modules/resource-group/ibm"
-  version                      = "1.2.0"
+  version                      = "1.2.1"
   existing_resource_group_name = var.existing_resource_group_name
 }
 
@@ -32,7 +32,7 @@ module "kms" {
   }
   count                       = local.create_new_kms_key ? 1 : 0
   source                      = "terraform-ibm-modules/kms-all-inclusive/ibm"
-  version                     = "5.1.7"
+  version                     = "5.1.9"
   create_key_protect_instance = false
   region                      = local.kms_region
   existing_kms_instance_crn   = var.existing_kms_instance_crn
@@ -62,21 +62,21 @@ module "kms" {
 module "kms_instance_crn_parser" {
   count   = var.existing_kms_instance_crn != null ? 1 : 0
   source  = "terraform-ibm-modules/common-utilities/ibm//modules/crn-parser"
-  version = "1.1.0"
+  version = "1.2.0"
   crn     = var.existing_kms_instance_crn
 }
 
 module "kms_key_crn_parser" {
   count   = var.existing_kms_key_crn != null ? 1 : 0
   source  = "terraform-ibm-modules/common-utilities/ibm//modules/crn-parser"
-  version = "1.1.0"
+  version = "1.2.0"
   crn     = var.existing_kms_key_crn
 }
 
 module "kms_backup_key_crn_parser" {
   count   = var.existing_backup_kms_key_crn != null ? 1 : 0
   source  = "terraform-ibm-modules/common-utilities/ibm//modules/crn-parser"
-  version = "1.1.0"
+  version = "1.2.0"
   crn     = var.existing_backup_kms_key_crn
 }
 
@@ -239,7 +239,7 @@ locals {
 module "postgresql_instance_crn_parser" {
   count   = var.existing_postgresql_instance_crn != null ? 1 : 0
   source  = "terraform-ibm-modules/common-utilities/ibm//modules/crn-parser"
-  version = "1.1.0"
+  version = "1.2.0"
   crn     = var.existing_postgresql_instance_crn
 }
 
diff --git a/solutions/fully-configurable/version.tf b/solutions/fully-configurable/version.tf
index 3983f64a..84a4b261 100644
--- a/solutions/fully-configurable/version.tf
+++ b/solutions/fully-configurable/version.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = "1.79.2"
+      version = "1.80.0"
     }
     time = {
       source  = "hashicorp/time"