diff --git a/Cargo.lock b/Cargo.lock
index a68f014e98ea2..6dc3739721462 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2119,9 +2119,9 @@ checksum = "d36fab90f82edc3c747f9d438e06cf0a491055896f2a279638bb5beed6c40177"
 
 [[package]]
 name = "handlebars"
-version = "3.5.1"
+version = "4.1.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2764f9796c0ddca4b82c07f25dd2cb3db30b9a8f47940e78e1c883d9e95c3db9"
+checksum = "e1874024f4a29f47d609014caec0b1c866f1c1eb0661a09c9733ecc4757f5f88"
 dependencies = [
  "log",
  "pest",
diff --git a/utils/frame/benchmarking-cli/Cargo.toml b/utils/frame/benchmarking-cli/Cargo.toml
index 2e951e1e828c1..e7ad48f3dd898 100644
--- a/utils/frame/benchmarking-cli/Cargo.toml
+++ b/utils/frame/benchmarking-cli/Cargo.toml
@@ -27,7 +27,7 @@ codec = { version = "2.0.0", package = "parity-scale-codec" }
 structopt = "0.3.8"
 chrono = "0.4"
 serde = "1.0.116"
-handlebars = "3.5.0"
+handlebars = "4.1.4"
 Inflector = "0.11.4"
 
 [features]