diff --git a/README.md b/README.md
index d4d95ca..7b33af1 100644
--- a/README.md
+++ b/README.md
@@ -109,13 +109,13 @@ You need the following permissions to run this module.
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0, <1.7.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.56.1, < 2.0.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.62.0, <2.0.0 |
 
 ### Modules
 
 | Name | Source | Version |
 |------|--------|---------|
-| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.19.1 |
+| <a name="module_cbr_rule"></a> [cbr\_rule](#module\_cbr\_rule) | terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module | 1.22.1 |
 
 ### Resources
 
diff --git a/examples/basic/version.tf b/examples/basic/version.tf
index 8bef3f3..67f8e5e 100644
--- a/examples/basic/version.tf
+++ b/examples/basic/version.tf
@@ -3,7 +3,7 @@ terraform {
   required_providers {
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = "= 1.56.1"
+      version = "= 1.62.0"
     }
   }
 }
diff --git a/examples/complete/main.tf b/examples/complete/main.tf
index fca7da6..69cab01 100644
--- a/examples/complete/main.tf
+++ b/examples/complete/main.tf
@@ -39,7 +39,7 @@ resource "ibm_is_subnet" "testacc_subnet" {
 ##############################################################################
 module "cbr_zone" {
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-zone-module"
-  version          = "1.19.1"
+  version          = "1.22.1"
   name             = "${var.prefix}-VPC-network-zone"
   zone_description = "CBR Network zone representing VPC"
   account_id       = data.ibm_iam_account_settings.iam_account_settings.account_id
diff --git a/examples/complete/version.tf b/examples/complete/version.tf
index 3e0b5b5..6fa64c4 100644
--- a/examples/complete/version.tf
+++ b/examples/complete/version.tf
@@ -4,7 +4,7 @@ terraform {
     # Use latest version of provider in non-basic examples to verify latest version works with module
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.56.1"
+      version = ">= 1.62.0"
     }
   }
 }
diff --git a/main.tf b/main.tf
index 13e353b..410478e 100644
--- a/main.tf
+++ b/main.tf
@@ -66,7 +66,7 @@ resource "ibm_event_streams_topic" "es_topic" {
 module "cbr_rule" {
   count            = length(var.cbr_rules) > 0 ? length(var.cbr_rules) : 0
   source           = "terraform-ibm-modules/cbr/ibm//modules/cbr-rule-module"
-  version          = "1.19.1"
+  version          = "1.22.1"
   rule_description = var.cbr_rules[count.index].description
   enforcement_mode = var.cbr_rules[count.index].enforcement_mode
   rule_contexts    = var.cbr_rules[count.index].rule_contexts
diff --git a/modules/fscloud/README.md b/modules/fscloud/README.md
index 3539d0a..79924df 100644
--- a/modules/fscloud/README.md
+++ b/modules/fscloud/README.md
@@ -14,7 +14,7 @@ Before you run the module, configure an authorization policy to allow the Event
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0, <1.7.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.56.1, < 2.0.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.62.0, <2.0.0 |
 
 ### Modules
 
diff --git a/modules/fscloud/version.tf b/modules/fscloud/version.tf
index 4d1aa95..adfedbf 100644
--- a/modules/fscloud/version.tf
+++ b/modules/fscloud/version.tf
@@ -7,7 +7,7 @@ terraform {
     # tflint-ignore: terraform_unused_required_providers
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.56.1, < 2.0.0"
+      version = ">= 1.62.0, <2.0.0"
     }
   }
 }
diff --git a/version.tf b/version.tf
index a0365f9..159c3d7 100644
--- a/version.tf
+++ b/version.tf
@@ -4,7 +4,7 @@ terraform {
     # Use "greater than or equal to" range in modules
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.56.1, < 2.0.0"
+      version = ">= 1.62.0, <2.0.0"
     }
   }
 }