diff --git a/Cargo.lock b/Cargo.lock
index b64166439a..384800ddfe 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1250,7 +1250,7 @@ checksum = "9d2be62a4061b872c8c0873ee4fc6f101ce7b889d039f019c5fa2af471a59908"
 dependencies = [
  "derivation-path",
  "ed25519-dalek",
- "hmac 0.12.0",
+ "hmac 0.12.1",
  "sha2 0.10.2",
 ]
 
@@ -1851,9 +1851,9 @@ dependencies = [
 
 [[package]]
 name = "hmac"
-version = "0.12.0"
+version = "0.12.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ddca131f3e7f2ce2df364b57949a9d47915cfbd35e46cfee355ccebbf794d6a2"
+checksum = "6c49c37c09c17a53d937dfbb742eb3a961d65a994e6bcdcf37e7399d0cc8ab5e"
 dependencies = [
  "digest 0.10.3",
 ]
@@ -5947,7 +5947,7 @@ dependencies = [
  "ed25519-dalek",
  "ed25519-dalek-bip32",
  "generic-array 0.14.5",
- "hmac 0.12.0",
+ "hmac 0.12.1",
  "itertools 0.10.3",
  "js-sys",
  "lazy_static",
diff --git a/programs/bpf/Cargo.lock b/programs/bpf/Cargo.lock
index 4f39b899a1..a211683943 100644
--- a/programs/bpf/Cargo.lock
+++ b/programs/bpf/Cargo.lock
@@ -792,7 +792,7 @@ checksum = "9d2be62a4061b872c8c0873ee4fc6f101ce7b889d039f019c5fa2af471a59908"
 dependencies = [
  "derivation-path",
  "ed25519-dalek",
- "hmac 0.12.0",
+ "hmac 0.12.1",
  "sha2 0.10.2",
 ]
 
@@ -1190,9 +1190,9 @@ dependencies = [
 
 [[package]]
 name = "hmac"
-version = "0.12.0"
+version = "0.12.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ddca131f3e7f2ce2df364b57949a9d47915cfbd35e46cfee355ccebbf794d6a2"
+checksum = "6c49c37c09c17a53d937dfbb742eb3a961d65a994e6bcdcf37e7399d0cc8ab5e"
 dependencies = [
  "digest 0.10.3",
 ]
@@ -3493,7 +3493,7 @@ dependencies = [
  "ed25519-dalek",
  "ed25519-dalek-bip32",
  "generic-array 0.14.5",
- "hmac 0.12.0",
+ "hmac 0.12.1",
  "itertools 0.10.3",
  "js-sys",
  "lazy_static",
diff --git a/sdk/Cargo.toml b/sdk/Cargo.toml
index 8d67b81b99..b5d1ce65e2 100644
--- a/sdk/Cargo.toml
+++ b/sdk/Cargo.toml
@@ -52,7 +52,7 @@ digest = { version = "0.10.1", optional = true }
 ed25519-dalek = { version = "=1.0.1", optional = true }
 ed25519-dalek-bip32 = { version = "0.2.0", optional = true }
 generic-array = { version = "0.14.5", default-features = false, features = ["serde", "more_lengths"], optional = true }
-hmac = "0.12.0"
+hmac = "0.12.1"
 itertools =  "0.10.3"
 lazy_static = "1.4.0"
 libsecp256k1 = { version = "0.6.0", optional = true }