diff --git a/security-monitor/Cargo.lock b/security-monitor/Cargo.lock
index 5850a31..06f7fe3 100644
--- a/security-monitor/Cargo.lock
+++ b/security-monitor/Cargo.lock
@@ -588,9 +588,9 @@ checksum = "0fda2ff0d084019ba4d7c6f371c95d8fd75ce3524c3cb8fb653a3023f6323e64"
 
 [[package]]
 name = "spin"
-version = "0.10.0"
+version = "0.12.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d5fe4ccb98d9c292d56fec89a5e07da7fc4cf0dc11e156b41793132775d3e591"
+checksum = "1527984ca054dfca79333baec451042863f485fbee01b7bf6d911de915cac865"
 
 [[package]]
 name = "static_assertions"
diff --git a/security-monitor/Cargo.toml b/security-monitor/Cargo.toml
index 95fb934..e764fdd 100644
--- a/security-monitor/Cargo.toml
+++ b/security-monitor/Cargo.toml
@@ -25,7 +25,7 @@ pointers_utility = {path = "rust-crates/pointers_utility"}
 riscv-decode = "0.2"
 
 # The `spin` crate provides synchronization primitives (Mutexes etc) using spinlocks
-spin = {version="0.10", default-features = false, features = ["once", "rwlock", "spin_mutex"]}
+spin = {version="0.12", default-features = false, features = ["once", "rwlock", "spin_mutex"]}
 
 # This crates provides functionality to parse TVM attestation payload (TAP).
 riscv_cove_tap = {path = "rust-crates/riscv_cove_tap", features = ["parser"]}