diff --git a/README.md b/README.md
index 766387f..02b801e 100644
--- a/README.md
+++ b/README.md
@@ -194,7 +194,7 @@ components:
 | <a name="input_datadog_forwarder_lambda_environment_variables"></a> [datadog\_forwarder\_lambda\_environment\_variables](#input\_datadog\_forwarder\_lambda\_environment\_variables) | Map of environment variables to pass to the Lambda Function | `map(string)` | `{}` | no |
 | <a name="input_dd_api_key_kms_ciphertext_blob"></a> [dd\_api\_key\_kms\_ciphertext\_blob](#input\_dd\_api\_key\_kms\_ciphertext\_blob) | CiphertextBlob stored in environment variable DD\_KMS\_API\_KEY used by the lambda function, along with the KMS key, to decrypt Datadog API key | `string` | `""` | no |
 | <a name="input_dd_artifact_filename"></a> [dd\_artifact\_filename](#input\_dd\_artifact\_filename) | The Datadog artifact filename minus extension | `string` | `"aws-dd-forwarder"` | no |
-| <a name="input_dd_forwarder_version"></a> [dd\_forwarder\_version](#input\_dd\_forwarder\_version) | Version tag of Datadog lambdas to use. https://github.com/DataDog/datadog-serverless-functions/releases | `string` | `"3.66.0"` | no |
+| <a name="input_dd_forwarder_version"></a> [dd\_forwarder\_version](#input\_dd\_forwarder\_version) | Version tag of Datadog lambdas to use. https://github.com/DataDog/datadog-serverless-functions/releases | `string` | `"3.116.0"` | no |
 | <a name="input_dd_module_name"></a> [dd\_module\_name](#input\_dd\_module\_name) | The Datadog GitHub repository name | `string` | `"datadog-serverless-functions"` | no |
 | <a name="input_dd_tags_map"></a> [dd\_tags\_map](#input\_dd\_tags\_map) | A map of Datadog tags to apply to all logs forwarded to Datadog | `map(string)` | `{}` | no |
 | <a name="input_delimiter"></a> [delimiter](#input\_delimiter) | Delimiter to be used between ID elements.<br/>Defaults to `-` (hyphen). Set to `""` to use no delimiter at all. | `string` | `null` | no |
@@ -223,7 +223,7 @@ components:
 | <a name="input_lambda_arn_enabled"></a> [lambda\_arn\_enabled](#input\_lambda\_arn\_enabled) | Enable adding the Lambda Arn to this account integration | `bool` | `true` | no |
 | <a name="input_lambda_policy_source_json"></a> [lambda\_policy\_source\_json](#input\_lambda\_policy\_source\_json) | Additional IAM policy document that can optionally be passed and merged with the created policy document | `string` | `""` | no |
 | <a name="input_lambda_reserved_concurrent_executions"></a> [lambda\_reserved\_concurrent\_executions](#input\_lambda\_reserved\_concurrent\_executions) | Amount of reserved concurrent executions for the lambda function. A value of 0 disables Lambda from being triggered and -1 removes any concurrency limitations. Defaults to Unreserved Concurrency Limits -1 | `number` | `-1` | no |
-| <a name="input_lambda_runtime"></a> [lambda\_runtime](#input\_lambda\_runtime) | Runtime environment for Datadog Lambda | `string` | `"python3.8"` | no |
+| <a name="input_lambda_runtime"></a> [lambda\_runtime](#input\_lambda\_runtime) | Runtime environment for Datadog Lambda | `string` | `"python3.11"` | no |
 | <a name="input_log_collection_services"></a> [log\_collection\_services](#input\_log\_collection\_services) | List of log collection services to enable | `list(string)` | <pre>[<br/>  "apigw-access-logs",<br/>  "apigw-execution-logs",<br/>  "elbv2",<br/>  "elb",<br/>  "cloudfront",<br/>  "lambda",<br/>  "redshift",<br/>  "s3"<br/>]</pre> | no |
 | <a name="input_name"></a> [name](#input\_name) | ID element. Usually the component or solution name, e.g. 'app' or 'jenkins'.<br/>This is the only ID element not also included as a `tag`.<br/>The "name" tag is set to the full `id` string. There is no tag with the value of the `name` input. | `string` | `null` | no |
 | <a name="input_namespace"></a> [namespace](#input\_namespace) | ID element. Usually an abbreviation of your organization name, e.g. 'eg' or 'cp', to help ensure generated IDs are globally unique | `string` | `null` | no |
diff --git a/src/README.md b/src/README.md
index beca516..acfeca8 100644
--- a/src/README.md
+++ b/src/README.md
@@ -143,7 +143,7 @@ components:
 | <a name="input_datadog_forwarder_lambda_environment_variables"></a> [datadog\_forwarder\_lambda\_environment\_variables](#input\_datadog\_forwarder\_lambda\_environment\_variables) | Map of environment variables to pass to the Lambda Function | `map(string)` | `{}` | no |
 | <a name="input_dd_api_key_kms_ciphertext_blob"></a> [dd\_api\_key\_kms\_ciphertext\_blob](#input\_dd\_api\_key\_kms\_ciphertext\_blob) | CiphertextBlob stored in environment variable DD\_KMS\_API\_KEY used by the lambda function, along with the KMS key, to decrypt Datadog API key | `string` | `""` | no |
 | <a name="input_dd_artifact_filename"></a> [dd\_artifact\_filename](#input\_dd\_artifact\_filename) | The Datadog artifact filename minus extension | `string` | `"aws-dd-forwarder"` | no |
-| <a name="input_dd_forwarder_version"></a> [dd\_forwarder\_version](#input\_dd\_forwarder\_version) | Version tag of Datadog lambdas to use. https://github.com/DataDog/datadog-serverless-functions/releases | `string` | `"3.66.0"` | no |
+| <a name="input_dd_forwarder_version"></a> [dd\_forwarder\_version](#input\_dd\_forwarder\_version) | Version tag of Datadog lambdas to use. https://github.com/DataDog/datadog-serverless-functions/releases | `string` | `"3.116.0"` | no |
 | <a name="input_dd_module_name"></a> [dd\_module\_name](#input\_dd\_module\_name) | The Datadog GitHub repository name | `string` | `"datadog-serverless-functions"` | no |
 | <a name="input_dd_tags_map"></a> [dd\_tags\_map](#input\_dd\_tags\_map) | A map of Datadog tags to apply to all logs forwarded to Datadog | `map(string)` | `{}` | no |
 | <a name="input_delimiter"></a> [delimiter](#input\_delimiter) | Delimiter to be used between ID elements.<br/>Defaults to `-` (hyphen). Set to `""` to use no delimiter at all. | `string` | `null` | no |
@@ -172,7 +172,7 @@ components:
 | <a name="input_lambda_arn_enabled"></a> [lambda\_arn\_enabled](#input\_lambda\_arn\_enabled) | Enable adding the Lambda Arn to this account integration | `bool` | `true` | no |
 | <a name="input_lambda_policy_source_json"></a> [lambda\_policy\_source\_json](#input\_lambda\_policy\_source\_json) | Additional IAM policy document that can optionally be passed and merged with the created policy document | `string` | `""` | no |
 | <a name="input_lambda_reserved_concurrent_executions"></a> [lambda\_reserved\_concurrent\_executions](#input\_lambda\_reserved\_concurrent\_executions) | Amount of reserved concurrent executions for the lambda function. A value of 0 disables Lambda from being triggered and -1 removes any concurrency limitations. Defaults to Unreserved Concurrency Limits -1 | `number` | `-1` | no |
-| <a name="input_lambda_runtime"></a> [lambda\_runtime](#input\_lambda\_runtime) | Runtime environment for Datadog Lambda | `string` | `"python3.8"` | no |
+| <a name="input_lambda_runtime"></a> [lambda\_runtime](#input\_lambda\_runtime) | Runtime environment for Datadog Lambda | `string` | `"python3.11"` | no |
 | <a name="input_log_collection_services"></a> [log\_collection\_services](#input\_log\_collection\_services) | List of log collection services to enable | `list(string)` | <pre>[<br/>  "apigw-access-logs",<br/>  "apigw-execution-logs",<br/>  "elbv2",<br/>  "elb",<br/>  "cloudfront",<br/>  "lambda",<br/>  "redshift",<br/>  "s3"<br/>]</pre> | no |
 | <a name="input_name"></a> [name](#input\_name) | ID element. Usually the component or solution name, e.g. 'app' or 'jenkins'.<br/>This is the only ID element not also included as a `tag`.<br/>The "name" tag is set to the full `id` string. There is no tag with the value of the `name` input. | `string` | `null` | no |
 | <a name="input_namespace"></a> [namespace](#input\_namespace) | ID element. Usually an abbreviation of your organization name, e.g. 'eg' or 'cp', to help ensure generated IDs are globally unique | `string` | `null` | no |