diff --git a/README.md b/README.md
index d4ae39eb..044f00a6 100644
--- a/README.md
+++ b/README.md
@@ -154,7 +154,7 @@ This package defines the Lambda serialization logic using in the `aws-lambda-jav
 <dependency>
  <groupId>com.amazonaws</groupId>
  <artifactId>aws-lambda-java-serialization</artifactId>
- <version>1.0.0</version>
+ <version>1.0.1</version>
 </dependency>
 ```
 
diff --git a/aws-lambda-java-serialization/RELEASE.CHANGELOG.md b/aws-lambda-java-serialization/RELEASE.CHANGELOG.md
index be5423fe..76400917 100644
--- a/aws-lambda-java-serialization/RELEASE.CHANGELOG.md
+++ b/aws-lambda-java-serialization/RELEASE.CHANGELOG.md
@@ -1,3 +1,7 @@
+### November 21, 2022
+`1.0.1`:
+- Updated `jackson-databind` dependency from 2.12.6.1 to 2.13.4.1
+
 ### December 01, 2020
 `1.0.0`:
 - Initial release of AWS Lambda Java Serialization
\ No newline at end of file
diff --git a/aws-lambda-java-serialization/pom.xml b/aws-lambda-java-serialization/pom.xml
index ce10292a..468bf1a2 100644
--- a/aws-lambda-java-serialization/pom.xml
+++ b/aws-lambda-java-serialization/pom.xml
@@ -4,7 +4,7 @@
 
     <groupId>com.amazonaws</groupId>
     <artifactId>aws-lambda-java-serialization</artifactId>
-    <version>1.0.0</version>
+    <version>1.0.1</version>
     <packaging>jar</packaging>
 
     <name>AWS Lambda Java Runtime Serialization</name>
@@ -32,6 +32,8 @@
         <maven.compiler.source>1.8</maven.compiler.source>
         <maven.compiler.target>1.8</maven.compiler.target>
         <relocation.prefix>com.amazonaws.lambda.thirdparty</relocation.prefix>
+        <junit.version>5.9.1</junit.version>
+        <owasp.version>7.3.2</owasp.version>
     </properties>
 
     <!-- If you're adding a new dependency, make sure it and its dependencies are relocated in the shade stage below -->
@@ -55,13 +57,13 @@
         <dependency>
             <groupId>org.junit.jupiter</groupId>
             <artifactId>junit-jupiter-engine</artifactId>
-            <version>5.8.2</version>
+            <version>${junit.version}</version>
             <scope>test</scope>
         </dependency>
         <dependency>
             <groupId>org.junit.jupiter</groupId>
             <artifactId>junit-jupiter-params</artifactId>
-            <version>5.8.2</version>
+            <version>${junit.version}</version>
             <scope>test</scope>
         </dependency>
         <dependency>
@@ -85,7 +87,7 @@
                     <plugin>
                         <groupId>org.owasp</groupId>
                         <artifactId>dependency-check-maven</artifactId>
-                        <version>5.3.2</version>
+                        <version>${owasp.version}</version>
                         <executions>
                             <execution>
                                 <phase>validate</phase>