diff --git a/project/Dependencies.scala b/project/Dependencies.scala
index 32b54ad..7ec3923 100644
--- a/project/Dependencies.scala
+++ b/project/Dependencies.scala
@@ -3,14 +3,15 @@ import sbt._
 object Dependencies extends DependencyUtils {
 
   private object Version {
-    val akka = "2.6.20"
-    val akkaHttp = "10.2.10"
-    val logback = "1.4.14"
-    val sttp = "3.8.13"
+    // Careful with upgrading akka due to license change https://www.lightbend.com/blog/why-we-are-changing-the-license-for-akka
+    val akka: String = "2.6.20" // Do not update beyond 2.6.* due to license changes
+    val akkaHttp: String = "10.2.10" // Do not update beyond 10.2.* due to license changes
+    val logback = "1.5.6"
+    val sttp = "3.9.7"
     val http4s = "0.23.25"
-    val enumeratum = "1.7.2"
-    val log4cats = "2.5.0"
-    val circe = "0.14.6"
+    val enumeratum = "1.7.4"
+    val log4cats = "2.7.0"
+    val circe = "0.14.9"
     val circeGenericExtras = "0.14.3"
   }
 
@@ -18,22 +19,22 @@ object Dependencies extends DependencyUtils {
   val akkaHttpCache: ModuleID = "com.typesafe.akka"                   %% "akka-http-caching"       % Version.akkaHttp
   val akkaStream: ModuleID = "com.typesafe.akka"                      %% "akka-stream"             % Version.akka
   val apacheHttpClient: ModuleID = "org.apache.httpcomponents"         % "httpclient"              % "4.5.14"
-  val bouncyCastlePkix: ModuleID = "org.bouncycastle"                  % "bcpkix-jdk15on"          % "1.70"
-  val commonsCodec: ModuleID = "commons-codec"                         % "commons-codec"           % "1.15"
-  val commonsLang3: ModuleID = "org.apache.commons"                    % "commons-lang3"           % "3.12.0"
+  val bouncyCastlePkix: ModuleID = "org.bouncycastle"                  % "bcpkix-jdk18on"          % "1.78.1"
+  val commonsCodec: ModuleID = "commons-codec"                         % "commons-codec"           % "1.17.0"
+  val commonsLang3: ModuleID = "org.apache.commons"                    % "commons-lang3"           % "3.14.0"
   val guava: ModuleID = "com.google.guava"                             % "guava"                   % "31.1-jre"
-  val jacksonDataBind: ModuleID = "com.fasterxml.jackson.core"         % "jackson-databind"        % "2.15.1"
+  val jacksonDataBind: ModuleID = "com.fasterxml.jackson.core"         % "jackson-databind"        % "2.17.0"
   val logbackClassic: ModuleID = "ch.qos.logback"                      % "logback-classic"         % Version.logback
   val logbackCore: ModuleID = "ch.qos.logback"                         % "logback-core"            % Version.logback
-  val slf4jApi: ModuleID = "org.slf4j"                                 % "slf4j-api"               % "2.0.5"
-  val typeSafeConfig: ModuleID = "com.typesafe"                        % "config"                  % "1.4.2"
+  val slf4jApi: ModuleID = "org.slf4j"                                 % "slf4j-api"               % "2.0.12"
+  val typeSafeConfig: ModuleID = "com.typesafe"                        % "config"                  % "1.4.3"
   val scalaCacheCore: ModuleID = "com.github.cb372"                   %% "scalacache-core"         % "1.0.0-M6"
   val scalaLogging: ModuleID = "com.typesafe.scala-logging"           %% "scala-logging"           % "3.9.5"
   val catsEffect: ModuleID = "org.typelevel"                          %% "cats-effect"             % "3.4.8"
   val sttp: ModuleID = "com.softwaremill.sttp.client3"                %% "core"                    % Version.sttp
   val sttpAkkaHttpBackend: ModuleID = "com.softwaremill.sttp.client3" %% "akka-http-backend"       % Version.sttp
-  val scalaLibCompat: ModuleID = "org.scala-lang.modules"             %% "scala-collection-compat" % "2.8.1"
-  val caffeine: ModuleID = "com.github.ben-manes.caffeine"             % "caffeine"                % "3.1.5"
+  val scalaLibCompat: ModuleID = "org.scala-lang.modules"             %% "scala-collection-compat" % "2.12.0"
+  val caffeine: ModuleID = "com.github.ben-manes.caffeine"             % "caffeine"                % "3.1.8"
   val http4sDsl: ModuleID = "org.http4s"                              %% "http4s-dsl"              % Version.http4s
   val http4sClient: ModuleID = "org.http4s"                           %% "http4s-client"           % Version.http4s
   val enumeratum: ModuleID = "com.beachape"                           %% "enumeratum"              % Version.enumeratum
@@ -52,9 +53,9 @@ object Dependencies extends DependencyUtils {
     "com.typesafe.akka" %% "akka-testkit"        % Version.akka,
     "com.typesafe.akka" %% "akka-stream-testkit" % Version.akka
   )
-  val commonsIO: ModuleID = "commons-io"                 % "commons-io"          % "2.11.0"
+  val commonsIO: ModuleID = "commons-io"                 % "commons-io"          % "2.16.1"
   val scalaMock: ModuleID = "org.scalamock"             %% "scalamock"           % "5.2.0"
-  val scalaTest: ModuleID = "org.scalatest"             %% "scalatest"           % "3.2.14"
+  val scalaTest: ModuleID = "org.scalatest"             %% "scalatest"           % "3.2.19"
   val wiremock: ModuleID = "com.github.tomakehurst"      % "wiremock"            % "2.27.2"
   val munitCatsEffect: ModuleID = "org.typelevel"       %% "munit-cats-effect-3" % "1.0.7"
   val log4catsNoop: ModuleID = "org.typelevel"          %% "log4cats-noop"       % Version.log4cats