diff --git a/README.md b/README.md
index 03067ab..115b7e6 100644
--- a/README.md
+++ b/README.md
@@ -73,7 +73,7 @@ You need the following permissions to run this module.
 
 | Name | Source | Version |
 |------|--------|---------|
-| <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_crn_parser"></a> [crn\_parser](#module\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
 | <a name="module_en_crn_parser"></a> [en\_crn\_parser](#module\_en\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
 
diff --git a/examples/advanced/main.tf b/examples/advanced/main.tf
index 4cadfce..017c9bf 100644
--- a/examples/advanced/main.tf
+++ b/examples/advanced/main.tf
@@ -16,7 +16,7 @@ module "resource_group" {
 module "cos" {
   count                  = var.existing_scc_instance_crn == null ? 1 : 0
   source                 = "terraform-ibm-modules/cos/ibm"
-  version                = "8.21.11"
+  version                = "8.21.16"
   cos_instance_name      = "${var.prefix}-cos"
   kms_encryption_enabled = false
   retention_enabled      = false
@@ -30,7 +30,7 @@ module "cos" {
 
 module "event_notification" {
   source            = "terraform-ibm-modules/event-notifications/ibm"
-  version           = "1.19.18"
+  version           = "1.19.20"
   resource_group_id = module.resource_group.resource_group_id
   name              = "${var.prefix}-en"
   tags              = var.resource_tags
@@ -45,7 +45,7 @@ module "event_notification" {
 
 module "scc_wp" {
   source            = "terraform-ibm-modules/scc-workload-protection/ibm"
-  version           = "1.5.8"
+  version           = "1.5.9"
   name              = "${var.prefix}-wp"
   region            = var.region
   resource_group_id = module.resource_group.resource_group_id
@@ -150,7 +150,7 @@ resource "ibm_is_vpc" "example_vpc" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.30.0"
+  version          = "1.31.0"
   name             = "${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/basic/main.tf b/examples/basic/main.tf
index f5fa20e..be5363f 100644
--- a/examples/basic/main.tf
+++ b/examples/basic/main.tf
@@ -7,7 +7,7 @@ module "resource_group" {
 
 module "cos" {
   source                 = "terraform-ibm-modules/cos/ibm"
-  version                = "8.21.11"
+  version                = "8.21.16"
   cos_instance_name      = "${var.prefix}-cos"
   kms_encryption_enabled = false
   retention_enabled      = false
diff --git a/main.tf b/main.tf
index 134ce40..5bce99d 100644
--- a/main.tf
+++ b/main.tf
@@ -231,7 +231,7 @@ resource "ibm_scc_provider_type_instance" "custom_integrations" {
 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/fully-configurable/README.md b/solutions/fully-configurable/README.md
index c08a7a5..1d28541 100644
--- a/solutions/fully-configurable/README.md
+++ b/solutions/fully-configurable/README.md
@@ -29,13 +29,13 @@ This solution supports provisioning and configuring the following infrastructure
 
 | Name | Source | Version |
 |------|--------|---------|
-| <a name="module_buckets"></a> [buckets](#module\_buckets) | terraform-ibm-modules/cos/ibm//modules/buckets | 8.21.11 |
+| <a name="module_buckets"></a> [buckets](#module\_buckets) | terraform-ibm-modules/cos/ibm//modules/buckets | 8.21.16 |
 | <a name="module_existing_cos_crn_parser"></a> [existing\_cos\_crn\_parser](#module\_existing\_cos\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
 | <a name="module_existing_en_crn_parser"></a> [existing\_en\_crn\_parser](#module\_existing\_en\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
 | <a name="module_existing_kms_crn_parser"></a> [existing\_kms\_crn\_parser](#module\_existing\_kms\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
 | <a name="module_existing_kms_key_crn_parser"></a> [existing\_kms\_key\_crn\_parser](#module\_existing\_kms\_key\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
 | <a name="module_existing_scc_crn_parser"></a> [existing\_scc\_crn\_parser](#module\_existing\_scc\_crn\_parser) | terraform-ibm-modules/common-utilities/ibm//modules/crn-parser | 1.1.0 |
-| <a name="module_kms"></a> [kms](#module\_kms) | terraform-ibm-modules/kms-all-inclusive/ibm | 5.0.0 |
+| <a name="module_kms"></a> [kms](#module\_kms) | terraform-ibm-modules/kms-all-inclusive/ibm | 5.0.1 |
 | <a name="module_resource_group"></a> [resource\_group](#module\_resource\_group) | terraform-ibm-modules/resource-group/ibm | 1.2.0 |
 | <a name="module_scc"></a> [scc](#module\_scc) | ../.. | n/a |
 | <a name="module_scc_attachment"></a> [scc\_attachment](#module\_scc\_attachment) | ../../modules/attachment | n/a |
diff --git a/solutions/fully-configurable/main.tf b/solutions/fully-configurable/main.tf
index 26f48d0..4112a5b 100644
--- a/solutions/fully-configurable/main.tf
+++ b/solutions/fully-configurable/main.tf
@@ -100,7 +100,7 @@ module "kms" {
   }
   count                       = var.existing_scc_instance_crn == null && var.kms_encryption_enabled_bucket && var.existing_kms_key_crn == null ? 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
@@ -171,7 +171,7 @@ module "buckets" {
   count          = var.existing_scc_instance_crn == null ? 1 : 0
   depends_on     = [time_sleep.wait_for_authorization_policy[0]]
   source         = "terraform-ibm-modules/cos/ibm//modules/buckets"
-  version        = "8.21.11"
+  version        = "8.21.16"
   bucket_configs = local.bucket_config
 }
 
diff --git a/tests/existing-resources/main.tf b/tests/existing-resources/main.tf
index c851539..a136563 100644
--- a/tests/existing-resources/main.tf
+++ b/tests/existing-resources/main.tf
@@ -7,7 +7,7 @@ module "resource_group" {
 
 module "cos" {
   source                 = "terraform-ibm-modules/cos/ibm"
-  version                = "8.21.11"
+  version                = "8.21.16"
   cos_instance_name      = "${var.prefix}-cos"
   kms_encryption_enabled = false
   retention_enabled      = false
diff --git a/tests/resources/existing-resources-test/main.tf b/tests/resources/existing-resources-test/main.tf
index fe45f97..a7a83ff 100644
--- a/tests/resources/existing-resources-test/main.tf
+++ b/tests/resources/existing-resources-test/main.tf
@@ -16,7 +16,7 @@ module "resource_group" {
 
 module "cos" {
   source                 = "terraform-ibm-modules/cos/ibm"
-  version                = "8.21.11"
+  version                = "8.21.16"
   cos_instance_name      = "${var.prefix}-cos"
   kms_encryption_enabled = false
   retention_enabled      = false
@@ -30,7 +30,7 @@ module "cos" {
 
 module "scc" {
   source            = "terraform-ibm-modules/scc/ibm"
-  version           = "2.1.12"
+  version           = "2.1.14"
   instance_name     = var.prefix
   region            = var.region
   resource_group_id = module.resource_group.resource_group_id
@@ -45,7 +45,7 @@ module "scc" {
 
 module "scc_wp" {
   source            = "terraform-ibm-modules/scc-workload-protection/ibm"
-  version           = "1.5.8"
+  version           = "1.5.9"
   name              = var.prefix
   region            = var.region
   resource_group_id = module.resource_group.resource_group_id
diff --git a/tests/resources/prereq-resources/main.tf b/tests/resources/prereq-resources/main.tf
index a85be62..7d0284b 100644
--- a/tests/resources/prereq-resources/main.tf
+++ b/tests/resources/prereq-resources/main.tf
@@ -16,7 +16,7 @@ module "resource_group" {
 
 module "cos" {
   source            = "terraform-ibm-modules/cos/ibm"
-  version           = "8.21.11"
+  version           = "8.21.16"
   resource_group_id = module.resource_group.resource_group_id
   cos_instance_name = "${var.prefix}-cos"
   cos_tags          = var.resource_tags
@@ -29,7 +29,7 @@ module "cos" {
 
 module "scc_wp" {
   source            = "terraform-ibm-modules/scc-workload-protection/ibm"
-  version           = "1.5.8"
+  version           = "1.5.9"
   name              = var.prefix
   region            = var.region
   resource_group_id = module.resource_group.resource_group_id
@@ -42,7 +42,7 @@ module "scc_wp" {
 
 module "cloud_monitoring" {
   source                  = "terraform-ibm-modules/observability-instances/ibm//modules/cloud_monitoring"
-  version                 = "3.5.0"
+  version                 = "3.5.1"
   resource_group_id       = module.resource_group.resource_group_id
   region                  = var.region
   instance_name           = "${var.prefix}-mon"
@@ -56,7 +56,7 @@ module "cloud_monitoring" {
 
 module "event_notifications" {
   source            = "terraform-ibm-modules/event-notifications/ibm"
-  version           = "1.19.18"
+  version           = "1.19.20"
   resource_group_id = module.resource_group.resource_group_id
   name              = "${var.prefix}-en"
   tags              = var.resource_tags