diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 527b90d1b..44893754b 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -18,8 +18,8 @@ path = "../native/build/libs/websocket-native-2.5.1.jar"
 [[platform.java11.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "http-native"
-version = "2.5.2"
-path = "./lib/http-native-2.5.2.jar"
+version = "2.5.4"
+path = "./lib/http-native-2.5.4-20231013-152300-784fd78.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.ballerina.stdlib"
@@ -36,50 +36,50 @@ path = "./lib/constraint-native-1.0.1.jar"
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-common"
-version = "4.1.86.Final"
-path = "./lib/netty-common-4.1.86.Final.jar"
+version = "4.1.100.Final"
+path = "./lib/netty-common-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-buffer"
-version = "4.1.86.Final"
-path = "./lib/netty-buffer-4.1.86.Final.jar"
+version = "4.1.100.Final"
+path = "./lib/netty-buffer-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-transport"
-version = "4.1.86.Final"
-path = "./lib/netty-transport-4.1.86.Final.jar"
+version = "4.1.100.Final"
+path = "./lib/netty-transport-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-resolver"
-version = "4.1.86.Final"
-path = "./lib/netty-resolver-4.1.86.Final.jar"
+version = "4.1.100.Final"
+path = "./lib/netty-resolver-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler"
-version = "4.1.86.Final"
-path = "./lib/netty-handler-4.1.86.Final.jar"
+version = "4.1.100.Final"
+path = "./lib/netty-handler-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-http"
-version = "4.1.86.Final"
-path = "./lib/netty-codec-http-4.1.86.Final.jar"
+version = "4.1.100.Final"
+path = "./lib/netty-codec-http-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec"
-version = "4.1.86.Final"
-path = "./lib/netty-codec-4.1.86.Final.jar"
+version = "4.1.100.Final"
+path = "./lib/netty-codec-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler-proxy"
-version = "4.1.86.Final"
-path = "./lib/netty-handler-proxy-4.1.86.Final.jar"
+version = "4.1.100.Final"
+path = "./lib/netty-handler-proxy-4.1.100.Final.jar"
 
 [[platform.java11.dependency]]
 path = "../test-utils/build/libs/websocket-test-utils-2.5.1.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index b49cf6421..3e07c1692 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -36,7 +36,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "constraint"
-version = "1.0.1"
+version = "1.0.2"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
@@ -47,7 +47,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "crypto"
-version = "2.3.0"
+version = "2.3.2"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
 	{org = "ballerina", name = "time"}
@@ -69,7 +69,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "http"
-version = "2.5.2"
+version = "2.5.4"
 dependencies = [
 	{org = "ballerina", name = "auth"},
 	{org = "ballerina", name = "cache"},
@@ -222,7 +222,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "log"
-version = "2.5.0"
+version = "2.5.1"
 dependencies = [
 	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"},
@@ -261,7 +261,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "observe"
-version = "1.0.5"
+version = "1.0.6"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
@@ -278,7 +278,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "regex"
-version = "1.3.1"
+version = "1.3.2"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
 	{org = "ballerina", name = "lang.string"}
@@ -290,7 +290,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "task"
-version = "2.3.0"
+version = "2.3.2"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
 	{org = "ballerina", name = "time"}
@@ -311,7 +311,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "time"
-version = "2.2.3"
+version = "2.2.5"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
@@ -322,7 +322,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "url"
-version = "2.2.3"
+version = "2.2.4"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
diff --git a/changelog.md b/changelog.md
index eee70c381..fc032a23a 100644
--- a/changelog.md
+++ b/changelog.md
@@ -5,6 +5,11 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 
 ## [Unreleased]
 
+### Fixed
+- [Address netty vulnerability: CVE-2023-4586](https://github.com/ballerina-platform/ballerina-standard-library/issues/4908)
+
+## [2.5.0] - 2022-11-22
+
 ### Added
 - [Support returning streams from WebSocket services](https://github.com/ballerina-platform/ballerina-standard-library/issues/2909)
 
diff --git a/gradle.properties b/gradle.properties
index f7d9a1191..b1581d7d1 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -3,7 +3,7 @@ group=io.ballerina.stdlib
 version=2.5.1
 ballerinaLangVersion=2201.3.0
 ballerinaTomlParserVersion=1.2.2
-nettyVersion=4.1.86.Final
+nettyVersion=4.1.100.Final
 slf4jVersion=1.7.30
 puppycrawlCheckstyleVersion=8.18
 unirestVersion=1.4.9
@@ -12,7 +12,7 @@ ballerinaGradlePluginVersion=1.0.0
 gsonVersion=2.8.8
 
 stdlibIoVersion=1.3.1
-stdlibHttpVersion=2.5.2
+stdlibHttpVersion=2.5.4
 stdlibRegexVersion=1.3.1
 stdlibOsVersion=1.5.0
 stdlibTimeVersion=2.2.3