diff --git a/Makefile b/Makefile
index bc6a6795..90413b98 100644
--- a/Makefile
+++ b/Makefile
@@ -2,8 +2,8 @@
 phony: help
 
 # Provide versions of the main dependencies to use with this Docker image
-AWS_VERSION := 2.16.10
-GCP_VERSION := 480.0.0
+AWS_VERSION := 2.16.11
+GCP_VERSION := 481.0.0
 TF_VERSION := 1.8.5
 OT_VERSION := 1.7.2
 TG_VERSION := 0.59.4