diff --git a/ballerina-tests/tests/03_bidirectional_streaming_client.bal b/ballerina-tests/tests/03_bidirectional_streaming_client.bal
index 621444cfa..26ff7ab01 100644
--- a/ballerina-tests/tests/03_bidirectional_streaming_client.bal
+++ b/ballerina-tests/tests/03_bidirectional_streaming_client.bal
@@ -250,6 +250,7 @@ isolated function testBidiStreamingDefaultHttpsPortWithNoService() returns grpc:
 
         string|grpc:Error? err = strClient->receiveString();
         test:assertTrue(err is grpc:Error);
-        test:assertTrue((<grpc:Error>err).message().startsWith("Connection refused: "));
+        test:assertTrue((<grpc:Error>err).message().startsWith("Connection refused: "),
+        msg = "Failed with error: " + (<grpc:Error>err).message());
     }
 }
diff --git a/ballerina-tests/tests/74_route_guide_with_reflection_client.bal b/ballerina-tests/tests/74_route_guide_with_reflection_client.bal
index 28b4da952..8f8f4308f 100644
--- a/ballerina-tests/tests/74_route_guide_with_reflection_client.bal
+++ b/ballerina-tests/tests/74_route_guide_with_reflection_client.bal
@@ -49,21 +49,22 @@ function testRouteGuideFileByFilenameReflection() returns error? {
         },
         "file_descriptor_response": {
             "file_descriptor_proto": [10,30,103,111,111,103,108,101,47,112,114,111,116,111,98,117,102,47,119,114,97,112,
-                112,101,114,115,46,112,114,111,116,111,18,15,103,111,111,103,108,101,46,112,114,111,116,111,98,117,102,
-                34,28,10,11,68,111,117,98,108,101,86,97,108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,1,34,27,
-                10,10,70,108,111,97,116,86,97,108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,2,34,27,10,10,73,
-                110,116,54,52,86,97,108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,3,34,28,10,11,85,73,110,116,
-                54,52,86,97,108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,4,34,27,10,10,73,110,116,51,50,86,97,
-                108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,5,34,28,10,11,85,73,110,116,51,50,86,97,108,117,
-                101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,13,34,26,10,9,66,111,111,108,86,97,108,117,101,18,13,10,
-                5,118,97,108,117,101,24,1,32,1,40,8,34,28,10,11,83,116,114,105,110,103,86,97,108,117,101,18,13,10,5,118,
-                97,108,117,101,24,1,32,1,40,9,34,27,10,10,66,121,116,101,115,86,97,108,117,101,18,13,10,5,118,97,108,117,
-                101,24,1,32,1,40,12,66,131,1,10,19,99,111,109,46,103,111,111,103,108,101,46,112,114,111,116,111,98,117,
-                102,66,13,87,114,97,112,112,101,114,115,80,114,111,116,111,80,1,90,49,103,111,111,103,108,101,46,103,111,
-                108,97,110,103,46,111,114,103,47,112,114,111,116,111,98,117,102,47,116,121,112,101,115,47,107,110,111,
-                119,110,47,119,114,97,112,112,101,114,115,112,98,248,1,1,162,2,3,71,80,66,170,2,30,71,111,111,103,108,
-                101,46,80,114,111,116,111,98,117,102,46,87,101,108,108,75,110,111,119,110,84,121,112,101,115,98,6,112,
-                114,111,116,111,51]
+            112,101,114,115,46,112,114,111,116,111,18,15,103,111,111,103,108,101,46,112,114,111,116,111,98,117,102,34,
+            35,10,11,68,111,117,98,108,101,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,1,82,5,118,97,
+            108,117,101,34,34,10,10,70,108,111,97,116,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,2,82,
+            5,118,97,108,117,101,34,34,10,10,73,110,116,54,52,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,
+            40,3,82,5,118,97,108,117,101,34,35,10,11,85,73,110,116,54,52,86,97,108,117,101,18,20,10,5,118,97,108,117,
+            101,24,1,32,1,40,4,82,5,118,97,108,117,101,34,34,10,10,73,110,116,51,50,86,97,108,117,101,18,20,10,5,118,97,
+            108,117,101,24,1,32,1,40,5,82,5,118,97,108,117,101,34,35,10,11,85,73,110,116,51,50,86,97,108,117,101,18,20,
+            10,5,118,97,108,117,101,24,1,32,1,40,13,82,5,118,97,108,117,101,34,33,10,9,66,111,111,108,86,97,108,117,101,
+            18,20,10,5,118,97,108,117,101,24,1,32,1,40,8,82,5,118,97,108,117,101,34,35,10,11,83,116,114,105,110,103,86,
+            97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,9,82,5,118,97,108,117,101,34,34,10,10,66,121,116,
+            101,115,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,12,82,5,118,97,108,117,101,66,131,1,10,
+            19,99,111,109,46,103,111,111,103,108,101,46,112,114,111,116,111,98,117,102,66,13,87,114,97,112,112,101,114,
+            115,80,114,111,116,111,80,1,90,49,103,111,111,103,108,101,46,103,111,108,97,110,103,46,111,114,103,47,112,
+            114,111,116,111,98,117,102,47,116,121,112,101,115,47,107,110,111,119,110,47,119,114,97,112,112,101,114,115,
+            112,98,248,1,1,162,2,3,71,80,66,170,2,30,71,111,111,103,108,101,46,80,114,111,116,111,98,117,102,46,87,101,
+            108,108,75,110,111,119,110,84,121,112,101,115,98,6,112,114,111,116,111,51]
         }
     });
     check streamingClient->complete();
diff --git a/ballerina-tests/tests/75_packaging_with_reflection_client.bal b/ballerina-tests/tests/75_packaging_with_reflection_client.bal
index 197849834..81e7657fd 100644
--- a/ballerina-tests/tests/75_packaging_with_reflection_client.bal
+++ b/ballerina-tests/tests/75_packaging_with_reflection_client.bal
@@ -50,21 +50,22 @@ function testPackagingFileByFilenameReflection() returns error? {
         },
         "file_descriptor_response": {
             "file_descriptor_proto": [10,30,103,111,111,103,108,101,47,112,114,111,116,111,98,117,102,47,119,114,97,112,
-                112,101,114,115,46,112,114,111,116,111,18,15,103,111,111,103,108,101,46,112,114,111,116,111,98,117,102,
-                34,28,10,11,68,111,117,98,108,101,86,97,108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,1,34,27,
-                10,10,70,108,111,97,116,86,97,108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,2,34,27,10,10,73,
-                110,116,54,52,86,97,108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,3,34,28,10,11,85,73,110,116,
-                54,52,86,97,108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,4,34,27,10,10,73,110,116,51,50,86,97,
-                108,117,101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,5,34,28,10,11,85,73,110,116,51,50,86,97,108,117,
-                101,18,13,10,5,118,97,108,117,101,24,1,32,1,40,13,34,26,10,9,66,111,111,108,86,97,108,117,101,18,13,10,
-                5,118,97,108,117,101,24,1,32,1,40,8,34,28,10,11,83,116,114,105,110,103,86,97,108,117,101,18,13,10,5,118,
-                97,108,117,101,24,1,32,1,40,9,34,27,10,10,66,121,116,101,115,86,97,108,117,101,18,13,10,5,118,97,108,117,
-                101,24,1,32,1,40,12,66,131,1,10,19,99,111,109,46,103,111,111,103,108,101,46,112,114,111,116,111,98,117,
-                102,66,13,87,114,97,112,112,101,114,115,80,114,111,116,111,80,1,90,49,103,111,111,103,108,101,46,103,111,
-                108,97,110,103,46,111,114,103,47,112,114,111,116,111,98,117,102,47,116,121,112,101,115,47,107,110,111,
-                119,110,47,119,114,97,112,112,101,114,115,112,98,248,1,1,162,2,3,71,80,66,170,2,30,71,111,111,103,108,
-                101,46,80,114,111,116,111,98,117,102,46,87,101,108,108,75,110,111,119,110,84,121,112,101,115,98,6,112,
-                114,111,116,111,51]
+            112,101,114,115,46,112,114,111,116,111,18,15,103,111,111,103,108,101,46,112,114,111,116,111,98,117,102,
+            34,35,10,11,68,111,117,98,108,101,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,1,82,5,118,
+            97,108,117,101,34,34,10,10,70,108,111,97,116,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,2,
+            82,5,118,97,108,117,101,34,34,10,10,73,110,116,54,52,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,
+            32,1,40,3,82,5,118,97,108,117,101,34,35,10,11,85,73,110,116,54,52,86,97,108,117,101,18,20,10,5,118,97,108,
+            117,101,24,1,32,1,40,4,82,5,118,97,108,117,101,34,34,10,10,73,110,116,51,50,86,97,108,117,101,18,20,10,5,
+            118,97,108,117,101,24,1,32,1,40,5,82,5,118,97,108,117,101,34,35,10,11,85,73,110,116,51,50,86,97,108,117,101,
+            18,20,10,5,118,97,108,117,101,24,1,32,1,40,13,82,5,118,97,108,117,101,34,33,10,9,66,111,111,108,86,97,108,
+            117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,8,82,5,118,97,108,117,101,34,35,10,11,83,116,114,105,110,
+            103,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,9,82,5,118,97,108,117,101,34,34,10,10,66,
+            121,116,101,115,86,97,108,117,101,18,20,10,5,118,97,108,117,101,24,1,32,1,40,12,82,5,118,97,108,117,101,66,
+            131,1,10,19,99,111,109,46,103,111,111,103,108,101,46,112,114,111,116,111,98,117,102,66,13,87,114,97,112,112,
+            101,114,115,80,114,111,116,111,80,1,90,49,103,111,111,103,108,101,46,103,111,108,97,110,103,46,111,114,103,
+            47,112,114,111,116,111,98,117,102,47,116,121,112,101,115,47,107,110,111,119,110,47,119,114,97,112,112,101,
+            114,115,112,98,248,1,1,162,2,3,71,80,66,170,2,30,71,111,111,103,108,101,46,80,114,111,116,111,98,117,102,46,
+            87,101,108,108,75,110,111,119,110,84,121,112,101,115,98,6,112,114,111,116,111,51]
         }
     });
 }
diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 620b0555b..3fdb12112 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,7 +1,7 @@
 [package]
 org = "ballerina"
 name = "grpc"
-version = "1.12.0"
+version = "1.12.1"
 distribution = "2201.10.0"
 authors = ["Ballerina"]
 keywords = ["network", "grpc", "protobuf", "server-streaming", "client-streaming", "bidirectional-streaming"]
@@ -16,11 +16,11 @@ graalvmCompatible = true
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "grpc-native"
-version = "1.12.0"
-path = "../native/build/libs/grpc-native-1.12.0.jar"
+version = "1.12.1"
+path = "../native/build/libs/grpc-native-1.12.1-SNAPSHOT.jar"
 
 [[platform.java17.dependency]]
-path = "../test-utils/build/libs/grpc-test-utils-1.12.0.jar"
+path = "../test-utils/build/libs/grpc-test-utils-1.12.1-SNAPSHOT.jar"
 scope = "testOnly"
 
 [[platform.java17.dependency]]
diff --git a/ballerina/CompilerPlugin.toml b/ballerina/CompilerPlugin.toml
index 0d3c063a2..ebfc76e9f 100644
--- a/ballerina/CompilerPlugin.toml
+++ b/ballerina/CompilerPlugin.toml
@@ -3,4 +3,4 @@ id = "grpc-compiler-plugin"
 class = "io.ballerina.stdlib.grpc.plugin.GrpcCompilerPlugin"
 
 [[dependency]]
-path = "../compiler-plugin/build/libs/grpc-compiler-plugin-1.12.0.jar"
+path = "../compiler-plugin/build/libs/grpc-compiler-plugin-1.12.1-SNAPSHOT.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 0792d975d..064d095a6 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -68,7 +68,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "grpc"
-version = "1.12.0"
+version = "1.12.1"
 dependencies = [
 	{org = "ballerina", name = "auth"},
 	{org = "ballerina", name = "crypto"},
@@ -309,7 +309,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "protobuf"
-version = "1.6.0"
+version = "1.6.1"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
 	{org = "ballerina", name = "time"}
diff --git a/changelog.md b/changelog.md
index 5e267a93d..7912c1a47 100644
--- a/changelog.md
+++ b/changelog.md
@@ -4,6 +4,12 @@ This file contains all the notable changes done to the Ballerina gRPC package th
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [1.12.1] - 2024-09-26
+
+### Fixed
+
+- [Address CVE-2024-7254 vulnerability](https://github.com/ballerina-platform/ballerina-library/issues/7013)
+
 ## [1.11.1] - 2024-06-27
 
 ### Fixed
diff --git a/gradle.properties b/gradle.properties
index c40daa3da..34a750d20 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -8,7 +8,7 @@ checkstylePluginVersion=10.12.0
 commonsLang3Version=3.8.1
 slf4jVersion=1.7.30
 protoGoogleCommonsVersion=1.17.0
-protobufJavaVersion=3.20.3
+protobufJavaVersion=3.25.5
 jknackHandlebarsVersion=4.0.6
 nettyVersion=4.1.108.Final
 nettyTcnativeVersion=2.0.65.Final
@@ -34,7 +34,7 @@ stdlibConstraintVersion=1.5.0
 stdlibCryptoVersion=2.7.2
 stdlibLogVersion=2.10.0
 stdlibOsVersion=1.8.0
-stdlibProtobufVersion=1.6.0
+stdlibProtobufVersion=1.6.1
 stdlibRandomVersion=1.5.0
 stdlibTaskVersion=2.5.0