diff --git a/.github/workflows/build.yaml b/.github/workflows/build.yaml
index 68f89adf4..3bd19d03f 100644
--- a/.github/workflows/build.yaml
+++ b/.github/workflows/build.yaml
@@ -15,7 +15,7 @@ jobs:
           - stable
           - beta
           - nightly
-          - "1.74"
+          - "1.74.1"
         target:
           - x86_64-unknown-linux-gnu
           - x86_64-unknown-linux-musl
diff --git a/.github/workflows/release.yaml b/.github/workflows/release.yaml
index adce07f71..f7dfed825 100644
--- a/.github/workflows/release.yaml
+++ b/.github/workflows/release.yaml
@@ -19,29 +19,29 @@ jobs:
       - name: Install Rust toolchain (x86_64-unknown-linux-gnu)
         uses: actions-rs/toolchain@v1
         with:
-          toolchain: "1.74"
+          toolchain: "1.74.1"
           target: x86_64-unknown-linux-gnu
       - name: Install Rust toolchain (x86_64-unknown-linux-musl)
         uses: actions-rs/toolchain@v1
         with:
-          toolchain: "1.74"
+          toolchain: "1.74.1"
           target: x86_64-unknown-linux-musl
       - name: Build
         uses: actions-rs/cargo@v1
         with:
-          toolchain: "1.74"
+          toolchain: "1.74.1"
           command: build
           args: --all --release --features mshv --target=x86_64-unknown-linux-gnu
       - name: Static Build
         uses: actions-rs/cargo@v1
         with:
-          toolchain: "1.74"
+          toolchain: "1.74.1"
           command: build
           args: --all --release --features mshv --target=x86_64-unknown-linux-musl
       - name: Install Rust toolchain (aarch64-unknown-linux-musl)
         uses: actions-rs/toolchain@v1
         with:
-          toolchain: "1.74"
+          toolchain: "1.74.1"
           target: aarch64-unknown-linux-musl
           override: true
       - name: Create Release
diff --git a/Cargo.toml b/Cargo.toml
index 387aa1d75..5d636c8a1 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -15,7 +15,7 @@ homepage = "https://github.com/cloud-hypervisor/cloud-hypervisor"
 # a.) A dependency requires it,
 # b.) If we want to use a new feature and that MSRV is at least 6 months old,
 # c.) There is a security issue that is addressed by the toolchain update.
-rust-version = "1.74"
+rust-version = "1.74.1"
 
 [profile.release]
 lto = true
diff --git a/resources/Dockerfile b/resources/Dockerfile
index 33b0e8086..ef88eddbc 100644
--- a/resources/Dockerfile
+++ b/resources/Dockerfile
@@ -6,7 +6,7 @@
 FROM ubuntu:22.04 as dev
 
 ARG TARGETARCH
-ARG RUST_TOOLCHAIN="1.74.0"
+ARG RUST_TOOLCHAIN="1.74.1"
 ARG CLH_SRC_DIR="/cloud-hypervisor"
 ARG CLH_BUILD_DIR="$CLH_SRC_DIR/build"
 ARG CARGO_REGISTRY_DIR="$CLH_BUILD_DIR/cargo_registry"
diff --git a/scripts/dev_cli.sh b/scripts/dev_cli.sh
index d217d60a9..233b7246c 100755
--- a/scripts/dev_cli.sh
+++ b/scripts/dev_cli.sh
@@ -7,7 +7,7 @@
 CLI_NAME="Cloud Hypervisor"
 
 CTR_IMAGE_TAG="ghcr.io/cloud-hypervisor/cloud-hypervisor"
-CTR_IMAGE_VERSION="20240229-0"
+CTR_IMAGE_VERSION="20240407-0"
 : "${CTR_IMAGE:=${CTR_IMAGE_TAG}:${CTR_IMAGE_VERSION}}"
 
 DOCKER_RUNTIME="docker"