diff --git a/.github/workflows/ci.yaml b/.github/workflows/ci.yaml
index df1b755..1915b2e 100644
--- a/.github/workflows/ci.yaml
+++ b/.github/workflows/ci.yaml
@@ -33,13 +33,13 @@ jobs:
 
     steps:
       - name: Setup Docker Buildx
-        uses: docker/setup-buildx-action@b5ca514318bd6ebac0fb2aedd5d36ec1b5c232a2 # v3
+        uses: docker/setup-buildx-action@e468171a9de216ec08956ac3ada2f0791b6bd435 # v3
         with:
           version: ${{ env.DOCKER_BUILDX_VERSION }}
           install: true
 
       - name: Checkout
-        uses: actions/checkout@11bd71901bbe5b1630ceea73d27597364c9af683 # v4
+        uses: actions/checkout@08c6903cd8c0fde910a37f88322edcfb5dd907a8 # v5
         with:
           submodules: true
 
@@ -60,7 +60,7 @@ jobs:
           path: _output/**
 
       - name: Login to Upbound
-        uses: docker/login-action@74a5d142397b4f367a81961eba4e8cd7edddf772 # v3
+        uses: docker/login-action@184bdaa0721073962dff0199f1fb9940f07167d1 # v3
         if: env.XPKG_ACCESS_ID != ''
         with:
           registry: xpkg.upbound.io
diff --git a/.github/workflows/tag.yml b/.github/workflows/tag.yml
index 4c9f1ea..1d2de5a 100644
--- a/.github/workflows/tag.yml
+++ b/.github/workflows/tag.yml
@@ -16,7 +16,7 @@ jobs:
 
     steps:
       - name: Checkout
-        uses: actions/checkout@11bd71901bbe5b1630ceea73d27597364c9af683 # v4
+        uses: actions/checkout@08c6903cd8c0fde910a37f88322edcfb5dd907a8 # v5
 
       - name: Create Tag
         uses: negz/create-tag@39bae1e0932567a58c20dea5a1a0d18358503320 # v1
diff --git a/.github/workflows/yamllint.yaml b/.github/workflows/yamllint.yaml
index f159c49..a796551 100644
--- a/.github/workflows/yamllint.yaml
+++ b/.github/workflows/yamllint.yaml
@@ -5,7 +5,7 @@ jobs:
     name: runner / yamllint
     runs-on: ubuntu-latest
     steps:
-      - uses: actions/checkout@11bd71901bbe5b1630ceea73d27597364c9af683 # v4
+      - uses: actions/checkout@08c6903cd8c0fde910a37f88322edcfb5dd907a8 # v5
       - name: yamllint
         uses: reviewdog/action-yamllint@f01d8a48fd8d89f89895499fca2cff09f9e9e8c0 # v1.21.0
         with:
diff --git a/Makefile b/Makefile
index 1c6cba0..909605c 100644
--- a/Makefile
+++ b/Makefile
@@ -117,7 +117,7 @@ PLATFORMS ?= linux_amd64
 
 # Tool Versions
 # ------------------
-UP_VERSION = v0.39.0
+UP_VERSION = v0.40.1
 UP_CHANNEL = stable
 CROSSPLANE_CLI_VERSION = v1.18.0
 CROSSPLANE_VERSION = v1.18.0-up.1