diff --git a/buildpack.toml b/buildpack.toml
index a1f02c0..2bd39d9 100644
--- a/buildpack.toml
+++ b/buildpack.toml
@@ -38,16 +38,16 @@ api = "0.7"
     name = "BP_RUST_VERSION"
 
   [[metadata.dependencies]]
-    cpes = ["cpe:2.3:a:rust:rust:1.73.0:*:*:*:*:*:*:*"]
+    cpes = ["cpe:2.3:a:rust:rust:1.74.0:*:*:*:*:*:*:*"]
     id = "rust"
     name = "Rust"
-    purl = "pkg:generic/rust@1.73.0"
-    sha256 = "aa4cf0b7e66a9f5b7c623d4b340bb1ac2864a5f2c2b981f39f796245dc84f2cb"
-    source = "https://static.rust-lang.org/dist/rustc-1.73.0-src.tar.gz"
-    source-sha256 = "96d62e6d1f2d21df7ac8acb3b9882411f9e7c7036173f7f2ede9e1f1f6b1bb3a"
+    purl = "pkg:generic/rust@1.74.0"
+    sha256 = "bff0dcb3da282aa2bc196cc42367e89815050772d21bac64cf56b14c8cc5a46d"
+    source = "https://static.rust-lang.org/dist/rustc-1.74.0-src.tar.gz"
+    source-sha256 = "882b584bc321c5dcfe77cdaa69f277906b936255ef7808fcd5c7492925cf1049"
     stacks = ["io.buildpacks.stacks.bionic", "io.paketo.stacks.tiny", "*"]
-    uri = "https://static.rust-lang.org/dist/rust-1.73.0-x86_64-unknown-linux-gnu.tar.gz"
-    version = "1.73.0"
+    uri = "https://static.rust-lang.org/dist/rust-1.74.0-x86_64-unknown-linux-gnu.tar.gz"
+    version = "1.74.0"
 
     [[metadata.dependencies.licenses]]
       type = "Apache-2.0"