diff --git a/packages/snaps-controllers/package.json b/packages/snaps-controllers/package.json
index 565e578be5..098227fd90 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 0cde0c2117..d1277e57ed 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": "^3.0.0",
     "@metamask/utils": "^8.5.0",
-    "nanoid": "^3.1.31",
+    "nanoid": "^3.3.7",
     "readable-stream": "^3.6.2"
   },
   "devDependencies": {
diff --git a/yarn.lock b/yarn.lock
index 0aae3258ab..41c6251586 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5635,7 +5635,7 @@ __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
@@ -5720,7 +5720,7 @@ __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
@@ -17864,6 +17864,15 @@ __metadata:
   languageName: node
   linkType: hard
 
+"nanoid@npm:^3.3.7":
+  version: 3.3.7
+  resolution: "nanoid@npm:3.3.7"
+  bin:
+    nanoid: bin/nanoid.cjs
+  checksum: d36c427e530713e4ac6567d488b489a36582ef89da1d6d4e3b87eded11eb10d7042a877958c6f104929809b2ab0bafa17652b076cdf84324aa75b30b722204f2
+  languageName: node
+  linkType: hard
+
 "napi-build-utils@npm:^1.0.1":
   version: 1.0.2
   resolution: "napi-build-utils@npm:1.0.2"