diff --git a/Cargo.lock b/Cargo.lock
index 1ed06136646..e226f77d0a2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4213,9 +4213,9 @@ checksum = "14f2252c834a40ed9bb5422029649578e63aa341ac401f74e719dd1afda8394e"
 
 [[package]]
 name = "parking_lot"
-version = "0.12.1"
+version = "0.12.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3742b2c103b9f06bc9fff0a37ff4912935851bee6d36f3c02bcc755bcfec228f"
+checksum = "f1bf18183cf54e8d6059647fc3063646a1801cf30896933ec2311622cc4b9a27"
 dependencies = [
  "lock_api",
  "parking_lot_core",
diff --git a/core/Cargo.toml b/core/Cargo.toml
index 619cd357744..91937516508 100644
--- a/core/Cargo.toml
+++ b/core/Cargo.toml
@@ -21,7 +21,7 @@ multiaddr = { workspace = true }
 multihash = { workspace = true }
 multistream-select = { workspace = true }
 once_cell = "1.19.0"
-parking_lot = "0.12.0"
+parking_lot = "0.12.3"
 pin-project = "1.1.4"
 quick-protobuf = "0.8"
 rand = "0.8"
diff --git a/transports/dns/Cargo.toml b/transports/dns/Cargo.toml
index 9650893d575..3020695d9c6 100644
--- a/transports/dns/Cargo.toml
+++ b/transports/dns/Cargo.toml
@@ -16,7 +16,7 @@ async-trait = "0.1.77"
 futures = "0.3.30"
 libp2p-core = { workspace = true }
 libp2p-identity = { workspace = true }
-parking_lot = "0.12.0"
+parking_lot = "0.12.3"
 hickory-resolver = { version = "0.24.0", default-features = false, features = ["system-config"] }
 smallvec = "1.12.0"
 tracing = "0.1.37"
diff --git a/transports/quic/Cargo.toml b/transports/quic/Cargo.toml
index b4bf93d6e10..f02da3bc882 100644
--- a/transports/quic/Cargo.toml
+++ b/transports/quic/Cargo.toml
@@ -17,7 +17,7 @@ if-watch = "3.2.0"
 libp2p-core = { workspace = true }
 libp2p-tls = { workspace = true }
 libp2p-identity = { workspace = true }
-parking_lot = "0.12.0"
+parking_lot = "0.12.3"
 quinn = { version = "0.10.2", default-features = false, features = ["tls-rustls", "futures-io"] }
 rand = "0.8.5"
 rustls = { version = "0.21.9", default-features = false }
diff --git a/transports/websocket-websys/Cargo.toml b/transports/websocket-websys/Cargo.toml
index 5855b582c80..6b01e18ab0c 100644
--- a/transports/websocket-websys/Cargo.toml
+++ b/transports/websocket-websys/Cargo.toml
@@ -16,7 +16,7 @@ futures = "0.3.30"
 js-sys = "0.3.67"
 libp2p-core = { workspace = true }
 tracing = "0.1.37"
-parking_lot = "0.12.1"
+parking_lot = "0.12.3"
 send_wrapper = "0.6.0"
 thiserror = "1.0.57"
 wasm-bindgen = "0.2.90"
diff --git a/transports/websocket/Cargo.toml b/transports/websocket/Cargo.toml
index 385e292103c..445a57f50d4 100644
--- a/transports/websocket/Cargo.toml
+++ b/transports/websocket/Cargo.toml
@@ -16,7 +16,7 @@ either = "1.9.0"
 futures = "0.3.30"
 libp2p-core = { workspace = true }
 libp2p-identity = { workspace = true }
-parking_lot = "0.12.0"
+parking_lot = "0.12.3"
 pin-project-lite = "0.2.13"
 rw-stream-sink = { workspace = true }
 soketto = "0.7.0"