diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 15b5ef4727..115bb722bf 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -95,15 +95,15 @@ path = "./lib/netty-transport-native-unix-common-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "org.bouncycastle"
-artifactId = "bcprov-jdk15on"
-version = "1.69"
-path = "./lib/bcprov-jdk15on-1.69.jar"
+artifactId = "bcprov-jdk18on"
+version = "1.74"
+path = "./lib/bcprov-jdk18on-1.74.jar"
 
 [[platform.java11.dependency]]
 groupId = "org.bouncycastle"
-artifactId = "bcpkix-jdk15on"
-version = "1.69"
-path = "./lib/bcpkix-jdk15on-1.69.jar"
+artifactId = "bcpkix-jdk18on"
+version = "1.74"
+path = "./lib/bcpkix-jdk18on-1.74.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index a8c972dfae..4ef6166a1a 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -280,7 +280,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "observe"
-version = "1.0.6"
+version = "1.0.7"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]