Dependency security fix and Release 1.0.1

[crupakheti]

What type of PR is this? (check all applicable)

• [ ] Refactor
• [ ] Feature
• [ ] Bug Fix
• [ ] Optimization
• [ ] Documentation Update
• [x] Dependency Update
• [x] Release

Description

Updating dependencies to fix security issues with setuptools.

Related Tickets & Documents

• Related Issue #
• Closes #

Linting

Have you done linting by issuing ./build.sh lint command?

• [x] Yes
• [ ] No, I need help with linting

Testing

Have you run testing by issuing ./build.sh unit command?

• [x] Yes
• [ ] No, I need help with writing tests

Documentation

Have you updated the README appropriate for this PR?

• [ ] Yes
• [x] No, README does not need any changes for this PR

Changelog

Have you updated the CHANGELOG with the changes you are making in this PR? Please use Added, Removed, and/or Changed subsections under the Unreleased section.

• [x] Yes
• [ ] No, I need help

Terms of Contribution

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[github-actions[bot]]

Coverage report

This PR does not seem to contain any modification to coverable code.