diff --git a/packages/snaps-controllers/package.json b/packages/snaps-controllers/package.json
index d891cfcd36..fbef8bdd09 100644
--- a/packages/snaps-controllers/package.json
+++ b/packages/snaps-controllers/package.json
@@ -73,7 +73,7 @@
     "fast-deep-equal": "^3.1.3",
     "get-npm-tarball-url": "^2.0.3",
     "immer": "^9.0.6",
-    "nanoid": "^3.1.31",
+    "nanoid": "^3.3.7",
     "readable-stream": "^3.6.2",
     "readable-web-to-node-stream": "^3.0.2",
     "tar-stream": "^3.1.7"
diff --git a/packages/snaps-execution-environments/package.json b/packages/snaps-execution-environments/package.json
index 2b9651238c..be4b1f865c 100644
--- a/packages/snaps-execution-environments/package.json
+++ b/packages/snaps-execution-environments/package.json
@@ -60,7 +60,7 @@
     "@metamask/snaps-utils": "workspace:^",
     "@metamask/superstruct": "^3.1.0",
     "@metamask/utils": "^9.0.0",
-    "nanoid": "^3.1.31",
+    "nanoid": "^3.3.7",
     "readable-stream": "^3.6.2"
   },
   "devDependencies": {
diff --git a/yarn.lock b/yarn.lock
index bd0be926d6..46581d07a4 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5633,7 +5633,7 @@ __metadata:
     jest: ^29.0.2
     jest-fetch-mock: ^3.0.3
     mkdirp: ^1.0.4
-    nanoid: ^3.1.31
+    nanoid: ^3.3.7
     prettier: ^2.7.1
     prettier-plugin-packagejson: ^2.2.11
     readable-stream: ^3.6.2
@@ -5718,7 +5718,7 @@ __metadata:
     jest-fetch-mock: ^3.0.3
     lavamoat: ^8.0.4
     lavamoat-browserify: ^17.0.5
-    nanoid: ^3.1.31
+    nanoid: ^3.3.7
     prettier: ^2.7.1
     prettier-plugin-packagejson: ^2.2.11
     readable-stream: ^3.6.2
@@ -17729,7 +17729,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"nanoid@npm:^3.1.31, nanoid@npm:^3.3.6":
+"nanoid@npm:^3.1.31, nanoid@npm:^3.3.6, nanoid@npm:^3.3.7":
   version: 3.3.7
   resolution: "nanoid@npm:3.3.7"
   bin: