diff --git a/rust/Cargo.lock b/rust/Cargo.lock
index 24c8b46c1f..c83fca8bdc 100644
--- a/rust/Cargo.lock
+++ b/rust/Cargo.lock
@@ -4365,18 +4365,18 @@ checksum = "507e9898683b6c43a9aa55b64259b721b52ba226e0f3779137e50ad114a4c90b"
 
 [[package]]
 name = "thiserror"
-version = "1.0.53"
+version = "1.0.55"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b2cd5904763bad08ad5513ddbb12cf2ae273ca53fa9f68e843e236ec6dfccc09"
+checksum = "6e3de26b0965292219b4287ff031fcba86837900fe9cd2b34ea8ad893c0953d2"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.53"
+version = "1.0.55"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3dcf4a824cce0aeacd6f38ae6f24234c8e80d68632338ebaa1443b5df9e29e19"
+checksum = "268026685b2be38d7103e9e507c938a1fcb3d7e6eb15e87870b617bf37b6d581"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/rust/db_handling/Cargo.toml b/rust/db_handling/Cargo.toml
index 5b72827b97..8c7b060067 100644
--- a/rust/db_handling/Cargo.toml
+++ b/rust/db_handling/Cargo.toml
@@ -18,7 +18,7 @@ regex = "1.10.2"
 sled = "0.34.6"
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"], optional = true}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false, optional = true}
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 time = {version = "0.3.31", features = ["formatting", "macros"]}
 tiny-bip39 = {version = "1.0.0", default-features = false, optional = true}
 zeroize = { version = "1.7.0", optional = true, features = ["std"] }
diff --git a/rust/defaults/Cargo.toml b/rust/defaults/Cargo.toml
index 77fa751c67..29875a828c 100644
--- a/rust/defaults/Cargo.toml
+++ b/rust/defaults/Cargo.toml
@@ -11,7 +11,7 @@ lazy_static = {version = "1.4.0", optional = true}
 regex = {version = "1.10.2", optional = true}
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"]}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 
 [features]
 default = []
diff --git a/rust/definitions/Cargo.toml b/rust/definitions/Cargo.toml
index 772f3bd3b4..0be90ca1f9 100644
--- a/rust/definitions/Cargo.toml
+++ b/rust/definitions/Cargo.toml
@@ -18,7 +18,7 @@ sp-io = {git = "https://github.com/paritytech/substrate", optional = true}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
 sp-version = {git = "https://github.com/paritytech/substrate"}
 sp-wasm-interface = {git = "https://github.com/paritytech/substrate", optional = true}
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 constants = {path = "../constants"}
 
 [features]
diff --git a/rust/generate_message/Cargo.toml b/rust/generate_message/Cargo.toml
index 7744dc5758..cdd6c000da 100644
--- a/rust/generate_message/Cargo.toml
+++ b/rust/generate_message/Cargo.toml
@@ -22,7 +22,7 @@ sled = "0.34.6"
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"]}
 sp-runtime = { git = "https://github.com/paritytech/substrate", default-features = false }
 sp-keyring = { git = "https://github.com/paritytech/substrate", default-features = false }
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 tokio = { version = "1", features = ["full"] }
 
 [dev-dependencies]
diff --git a/rust/navigator/Cargo.toml b/rust/navigator/Cargo.toml
index be2a1ef7f6..a23c98b91e 100644
--- a/rust/navigator/Cargo.toml
+++ b/rust/navigator/Cargo.toml
@@ -12,7 +12,7 @@ hex = "0.4.3"
 lazy_static = "1.4.0"
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
 banana_recovery = { git = "https://github.com/paritytech/banana-recovery-rust" }
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 transaction_parsing = {path = "../transaction_parsing"}
 transaction_signing = {path = "../transaction_signing"}
 zeroize = { version = "1.7.0", features = ["std"] }
diff --git a/rust/parser/Cargo.toml b/rust/parser/Cargo.toml
index 66f5874d5a..01ea27813d 100644
--- a/rust/parser/Cargo.toml
+++ b/rust/parser/Cargo.toml
@@ -20,7 +20,7 @@ scale-info = "2.10.0"
 sp-arithmetic = {git = "https://github.com/paritytech/substrate"}
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"]}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 
 [dev-dependencies]
 pretty_assertions = "1"
diff --git a/rust/qr_reader_phone/Cargo.toml b/rust/qr_reader_phone/Cargo.toml
index 0b3ca7cc7f..15fcbee97a 100644
--- a/rust/qr_reader_phone/Cargo.toml
+++ b/rust/qr_reader_phone/Cargo.toml
@@ -10,7 +10,7 @@ edition = "2018"
 hex = "0.4.3"
 raptorq = "1.8.0"
 nom = "7.1.3"
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 constants = {path = "../constants"}
 banana_recovery = { git = "https://github.com/paritytech/banana-recovery-rust" }
 transaction_parsing = { path = "../transaction_parsing" }
diff --git a/rust/transaction_parsing/Cargo.toml b/rust/transaction_parsing/Cargo.toml
index 2c3e20c6ff..d02ad40a81 100644
--- a/rust/transaction_parsing/Cargo.toml
+++ b/rust/transaction_parsing/Cargo.toml
@@ -17,7 +17,7 @@ parser = {path = "../parser", default-features = false}
 sled = "0.34.6"
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"]}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 nom = "7.1.3"
 log = "0.4"
 
diff --git a/rust/transaction_signing/Cargo.toml b/rust/transaction_signing/Cargo.toml
index b2d3604cc2..37f843ef2e 100644
--- a/rust/transaction_signing/Cargo.toml
+++ b/rust/transaction_signing/Cargo.toml
@@ -14,7 +14,7 @@ definitions = { path = "../definitions", default-features = false }
 db_handling = { path = "../db_handling", default-features = false }
 sp-core = { git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"] }
 sp-runtime = { git = "https://github.com/paritytech/substrate", default-features = false }
-thiserror = "1.0.53"
+thiserror = "1.0.55"
 anyhow = "1.0.79"
 sled = "0.34"