diff --git a/Cargo.lock b/Cargo.lock
index b0ec498ce3b99..b1966574f21f6 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3111,9 +3111,9 @@ dependencies = [
 
 [[package]]
 name = "git2"
-version = "0.16.1"
+version = "0.17.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ccf7f68c2995f392c49fffb4f95ae2c873297830eb25c6bc4c114ce8f4562acc"
+checksum = "7b989d6a7ca95a362cf2cfc5ad688b3a467be1f87e480b8dad07fee8c79b0044"
 dependencies = [
  "bitflags",
  "libc",
@@ -4056,9 +4056,9 @@ checksum = "2b00cc1c228a6782d0f076e7b232802e0c5689d41bb5df366f2a6b6621cfdfe1"
 
 [[package]]
 name = "libgit2-sys"
-version = "0.14.2+1.5.1"
+version = "0.15.2+1.6.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7f3d95f6b51075fe9810a7ae22c7095f12b98005ab364d8544797a825ce946a4"
+checksum = "a80df2e11fb4a61f4ba2ab42dbe7f74468da143f1a75c74e11dee7c813f694fa"
 dependencies = [
  "cc",
  "libc",
@@ -4580,9 +4580,9 @@ dependencies = [
 
 [[package]]
 name = "libssh2-sys"
-version = "0.2.23"
+version = "0.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b094a36eb4b8b8c8a7b4b8ae43b2944502be3e59cd87687595cf6b0a71b3f4ca"
+checksum = "2dc8a030b787e2119a731f1951d6a773e2280c660f8ec4b0f5e1505a386e71ee"
 dependencies = [
  "cc",
  "libc",
diff --git a/scripts/ci/node-template-release/Cargo.toml b/scripts/ci/node-template-release/Cargo.toml
index e93810876c7d9..f89c2a2298454 100644
--- a/scripts/ci/node-template-release/Cargo.toml
+++ b/scripts/ci/node-template-release/Cargo.toml
@@ -14,7 +14,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 clap = { version = "4.2.5", features = ["derive"] }
 flate2 = "1.0"
 fs_extra = "1.3"
-git2 = "0.16"
+git2 = "0.17"
 glob = "0.3"
 tar = "0.4"
 tempfile = "3"
diff --git a/utils/frame/generate-bags/Cargo.toml b/utils/frame/generate-bags/Cargo.toml
index a24af6a2704ae..f7476c5235028 100644
--- a/utils/frame/generate-bags/Cargo.toml
+++ b/utils/frame/generate-bags/Cargo.toml
@@ -17,5 +17,5 @@ pallet-staking = { version = "4.0.0-dev", path = "../../../frame/staking" }
 
 # third party
 chrono = { version = "0.4.19" }
-git2 = { version = "0.16.0", default-features = false }
+git2 = { version = "0.17.2", default-features = false }
 num-format = "0.4.3"