diff --git a/go.mod b/go.mod
index 7cb55fadc..97a3c0c47 100644
--- a/go.mod
+++ b/go.mod
@@ -18,7 +18,7 @@ require (
 	k8s.io/api v0.24.2
 	k8s.io/apimachinery v0.24.2
 	k8s.io/client-go v0.24.2
-	k8s.io/klog/v2 v2.70.0
+	k8s.io/klog/v2 v2.70.1
 	sigs.k8s.io/controller-runtime v0.12.3
 	sigs.k8s.io/controller-runtime/tools/setup-envtest v0.0.0-20220104140252-e52a8b1fba62
 	sigs.k8s.io/controller-tools v0.9.1
diff --git a/go.sum b/go.sum
index 07a30b910..f10a6dab2 100644
--- a/go.sum
+++ b/go.sum
@@ -1926,8 +1926,8 @@ k8s.io/klog/v2 v2.4.0/go.mod h1:Od+F08eJP+W3HUb4pSrPpgp9DGU4GzlpG/TmITuYh/Y=
 k8s.io/klog/v2 v2.9.0/go.mod h1:hy9LJ/NvuK+iVyP4Ehqva4HxZG/oXyIS3n3Jmire4Ec=
 k8s.io/klog/v2 v2.30.0/go.mod h1:y1WjHnz7Dj687irZUWR/WLkLc5N1YHtjLdmgWjndZn0=
 k8s.io/klog/v2 v2.60.1/go.mod h1:y1WjHnz7Dj687irZUWR/WLkLc5N1YHtjLdmgWjndZn0=
-k8s.io/klog/v2 v2.70.0 h1:GMmmjoFOrNepPN0ZeGCzvD2Gh5IKRwdFx8W5PBxVTQU=
-k8s.io/klog/v2 v2.70.0/go.mod h1:y1WjHnz7Dj687irZUWR/WLkLc5N1YHtjLdmgWjndZn0=
+k8s.io/klog/v2 v2.70.1 h1:7aaoSdahviPmR+XkS7FyxlkkXs6tHISSG03RxleQAVQ=
+k8s.io/klog/v2 v2.70.1/go.mod h1:y1WjHnz7Dj687irZUWR/WLkLc5N1YHtjLdmgWjndZn0=
 k8s.io/kube-openapi v0.0.0-20200805222855-6aeccd4b50c6/go.mod h1:UuqjUnNftUyPE5H64/qeyjQoUZhGpeFDVdxjTeEVN2o=
 k8s.io/kube-openapi v0.0.0-20201113171705-d219536bb9fd/go.mod h1:WOJ3KddDSol4tAGcJo0Tvi+dK12EcqSLqcWsryKMpfM=
 k8s.io/kube-openapi v0.0.0-20210421082810-95288971da7e/go.mod h1:vHXdDvt9+2spS2Rx9ql3I8tycm3H9FDfdUoIuKCefvw=
diff --git a/vendor/k8s.io/klog/v2/internal/dbg/dbg.go b/vendor/k8s.io/klog/v2/internal/dbg/dbg.go
new file mode 100644
index 000000000..f27bd1447
--- /dev/null
+++ b/vendor/k8s.io/klog/v2/internal/dbg/dbg.go
@@ -0,0 +1,42 @@
+// Go support for leveled logs, analogous to https://code.google.com/p/google-glog/
+//
+// Copyright 2013 Google Inc. All Rights Reserved.
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//     http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+// Package dbg provides some helper code for call traces.
+package dbg
+
+import (
+	"runtime"
+)
+
+// Stacks is a wrapper for runtime.Stack that attempts to recover the data for
+// all goroutines or the calling one.
+func Stacks(all bool) []byte {
+	// We don't know how big the traces are, so grow a few times if they don't fit. Start large, though.
+	n := 10000
+	if all {
+		n = 100000
+	}
+	var trace []byte
+	for i := 0; i < 5; i++ {
+		trace = make([]byte, n)
+		nbytes := runtime.Stack(trace, all)
+		if nbytes < len(trace) {
+			return trace[:nbytes]
+		}
+		n *= 2
+	}
+	return trace
+}
diff --git a/vendor/k8s.io/klog/v2/klog.go b/vendor/k8s.io/klog/v2/klog.go
index 8305e2520..652fadcd4 100644
--- a/vendor/k8s.io/klog/v2/klog.go
+++ b/vendor/k8s.io/klog/v2/klog.go
@@ -96,6 +96,7 @@ import (
 
 	"k8s.io/klog/v2/internal/buffer"
 	"k8s.io/klog/v2/internal/clock"
+	"k8s.io/klog/v2/internal/dbg"
 	"k8s.io/klog/v2/internal/serialize"
 	"k8s.io/klog/v2/internal/severity"
 )
@@ -549,7 +550,11 @@ type loggingT struct {
 	vmap map[uintptr]Level
 }
 
-var logging loggingT
+var logging = loggingT{
+	settings: settings{
+		contextualLoggingEnabled: true,
+	},
+}
 
 // setVState sets a consistent state for V logging.
 // l.mu is held.
@@ -859,7 +864,7 @@ func (l *loggingT) output(s severity.Severity, log *logr.Logger, buf *buffer.Buf
 
 	if l.traceLocation.isSet() {
 		if l.traceLocation.match(file, line) {
-			buf.Write(stacks(false))
+			buf.Write(dbg.Stacks(false))
 		}
 	}
 	data := buf.Bytes()
@@ -928,11 +933,11 @@ func (l *loggingT) output(s severity.Severity, log *logr.Logger, buf *buffer.Buf
 		// If -logtostderr has been specified, the loop below will do that anyway
 		// as the first stack in the full dump.
 		if !l.toStderr {
-			os.Stderr.Write(stacks(false))
+			os.Stderr.Write(dbg.Stacks(false))
 		}
 
 		// Write the stack trace for all goroutines to the files.
-		trace := stacks(true)
+		trace := dbg.Stacks(true)
 		logExitFunc = func(error) {} // If we get a write error, we'll still exit below.
 		for log := severity.FatalLog; log >= severity.InfoLog; log-- {
 			if f := l.file[log]; f != nil { // Can be nil if -logtostderr is set.
@@ -952,25 +957,6 @@ func (l *loggingT) output(s severity.Severity, log *logr.Logger, buf *buffer.Buf
 	}
 }
 
-// stacks is a wrapper for runtime.Stack that attempts to recover the data for all goroutines.
-func stacks(all bool) []byte {
-	// We don't know how big the traces are, so grow a few times if they don't fit. Start large, though.
-	n := 10000
-	if all {
-		n = 100000
-	}
-	var trace []byte
-	for i := 0; i < 5; i++ {
-		trace = make([]byte, n)
-		nbytes := runtime.Stack(trace, all)
-		if nbytes < len(trace) {
-			return trace[:nbytes]
-		}
-		n *= 2
-	}
-	return trace
-}
-
 // logExitFunc provides a simple mechanism to override the default behavior
 // of exiting on error. Used in testing and to guarantee we reach a required exit
 // for fatal logs. Instead, exit could be a function rather than a method but that
diff --git a/vendor/modules.txt b/vendor/modules.txt
index 4aa2aafe2..7739c2f41 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -1594,11 +1594,12 @@ k8s.io/component-base/metrics
 k8s.io/component-base/metrics/legacyregistry
 k8s.io/component-base/traces
 k8s.io/component-base/version
-# k8s.io/klog/v2 v2.70.0
+# k8s.io/klog/v2 v2.70.1
 ## explicit; go 1.13
 k8s.io/klog/v2
 k8s.io/klog/v2/internal/buffer
 k8s.io/klog/v2/internal/clock
+k8s.io/klog/v2/internal/dbg
 k8s.io/klog/v2/internal/serialize
 k8s.io/klog/v2/internal/severity
 # k8s.io/kube-openapi v0.0.0-20220401212409-b28bf2818661