diff --git a/README.md b/README.md
index 8479844..e32ae3a 100644
--- a/README.md
+++ b/README.md
@@ -93,7 +93,7 @@ statement instead the previous block.
 
 | Name | Source | Version |
 |------|--------|---------|
-| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.28.1 |
+| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.29.0 |
 
 ### Resources
 
diff --git a/examples/advanced/main.tf b/examples/advanced/main.tf
index 34b0f50..595b868 100644
--- a/examples/advanced/main.tf
+++ b/examples/advanced/main.tf
@@ -42,7 +42,7 @@ resource "ibm_is_vpc" "example_vpc" {
 # Create CBR Zone
 ##############################################################################
 module "cbr_zone" {
-  source           = "git::https://github.com/terraform-ibm-modules/terraform-ibm-cbr//cbr-zone-module?ref=v1.2.0"
+  source           = "git::https://github.com/terraform-ibm-modules/terraform-ibm-cbr//cbr-zone-module?ref=v1.29.0"
   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 644c253..ec4b80c 100644
--- a/main.tf
+++ b/main.tf
@@ -48,7 +48,7 @@ resource "ibm_resource_tag" "scc_wp_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          = "1.28.1"
+  version          = "1.29.0"
   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