diff --git a/flink-connectors/flink-connector-kinesis/pom.xml b/flink-connectors/flink-connector-kinesis/pom.xml
index 6aae404cdf767..aa4460d9221bd 100644
--- a/flink-connectors/flink-connector-kinesis/pom.xml
+++ b/flink-connectors/flink-connector-kinesis/pom.xml
@@ -40,6 +40,7 @@ under the License.
 		<aws.dynamodbstreams-kinesis-adapter.version>1.5.0</aws.dynamodbstreams-kinesis-adapter.version>
 		<httpclient.version>4.5.9</httpclient.version>
 		<httpcore.version>4.4.11</httpcore.version>
+		<guava.version>29.0-jre</guava.version>
 	</properties>
 
 	<packaging>jar</packaging>
diff --git a/flink-connectors/flink-sql-connector-kinesis/pom.xml b/flink-connectors/flink-sql-connector-kinesis/pom.xml
index c1b9fdda5ef3d..d49cfce78ad7a 100644
--- a/flink-connectors/flink-sql-connector-kinesis/pom.xml
+++ b/flink-connectors/flink-sql-connector-kinesis/pom.xml
@@ -35,17 +35,6 @@ under the License.
 
 	<packaging>jar</packaging>
 
-	<dependencyManagement>
-		<dependencies>
-			<dependency>
-				<!-- Bumped for security purposes to a common version in the Hadoop ecosystem -->
-				<groupId>com.google.guava</groupId>
-				<artifactId>guava</artifactId>
-				<version>27.0-jre</version>
-			</dependency>
-		</dependencies>
-	</dependencyManagement>
-
 	<dependencies>
 		<dependency>
 			<groupId>org.apache.flink</groupId>
@@ -82,6 +71,7 @@ under the License.
 									<include>commons-logging:commons-logging</include>
 									<include>org.apache.commons:commons-lang3</include>
 									<include>com.google.guava:guava</include>
+									<include>com.google.guava:failureaccess</include>
 								</includes>
 							</artifactSet>
 							<filters>
diff --git a/flink-connectors/flink-sql-connector-kinesis/src/main/resources/META-INF/NOTICE b/flink-connectors/flink-sql-connector-kinesis/src/main/resources/META-INF/NOTICE
index 214e29910e261..91a0071246018 100644
--- a/flink-connectors/flink-sql-connector-kinesis/src/main/resources/META-INF/NOTICE
+++ b/flink-connectors/flink-sql-connector-kinesis/src/main/resources/META-INF/NOTICE
@@ -12,7 +12,8 @@ This project bundles the following dependencies under the Apache Software Licens
 - commons-logging:commons-logging:1.1.3
 - commons-codec:commons-codec:1.13
 - org.apache.commons:commons-lang3:3.3.2
-- com.google.guava:guava:27.0-jre
+- com.google.guava:guava:29.0-jre
+- com.google.guava:failureaccess:1.0.1
 - com.fasterxml.jackson.core:jackson-annotations:2.12.1
 - com.fasterxml.jackson.core:jackson-databind:2.12.1
 - com.fasterxml.jackson.core:jackson-core:2.12.1