diff --git a/Cargo.lock b/Cargo.lock
index 1dc4b80dc133c..c6bbd1609a973 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7754,9 +7754,9 @@ checksum = "cda74da7e1a664f795bb1f8a87ec406fb89a02522cf6e50620d016add6dbbf5c"
 
 [[package]]
 name = "tokio"
-version = "1.21.1"
+version = "1.24.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0020c875007ad96677dcc890298f4b942882c5d4eb7cc8f439fc3bf813dc9c95"
+checksum = "597a12a59981d9e3c38d216785b0c37399f6e415e8d0712047620f189371b0bb"
 dependencies = [
  "autocfg",
  "bytes 1.2.1",
@@ -7764,14 +7764,13 @@ dependencies = [
  "memchr",
  "mio",
  "num_cpus",
- "once_cell",
  "parking_lot",
  "pin-project-lite",
  "signal-hook-registry",
  "socket2",
  "tokio-macros",
  "tracing 0.1.34",
- "winapi",
+ "windows-sys 0.42.0",
 ]
 
 [[package]]
@@ -9653,6 +9652,27 @@ dependencies = [
  "windows_x86_64_msvc 0.36.1",
 ]
 
+[[package]]
+name = "windows-sys"
+version = "0.42.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5a3e1820f08b8513f676f7ab6c1f99ff312fb97b553d30ff4dd86f9f15728aa7"
+dependencies = [
+ "windows_aarch64_gnullvm",
+ "windows_aarch64_msvc 0.42.1",
+ "windows_i686_gnu 0.42.1",
+ "windows_i686_msvc 0.42.1",
+ "windows_x86_64_gnu 0.42.1",
+ "windows_x86_64_gnullvm",
+ "windows_x86_64_msvc 0.42.1",
+]
+
+[[package]]
+name = "windows_aarch64_gnullvm"
+version = "0.42.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "8c9864e83243fdec7fc9c5444389dcbbfd258f745e7853198f365e3c4968a608"
+
 [[package]]
 name = "windows_aarch64_msvc"
 version = "0.30.0"
@@ -9671,6 +9691,12 @@ version = "0.36.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9bb8c3fd39ade2d67e9874ac4f3db21f0d710bee00fe7cab16949ec184eeaa47"
 
+[[package]]
+name = "windows_aarch64_msvc"
+version = "0.42.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4c8b1b673ffc16c47a9ff48570a9d85e25d265735c503681332589af6253c6c7"
+
 [[package]]
 name = "windows_i686_gnu"
 version = "0.30.0"
@@ -9689,6 +9715,12 @@ version = "0.36.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "180e6ccf01daf4c426b846dfc66db1fc518f074baa793aa7d9b9aaeffad6a3b6"
 
+[[package]]
+name = "windows_i686_gnu"
+version = "0.42.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "de3887528ad530ba7bdbb1faa8275ec7a1155a45ffa57c37993960277145d640"
+
 [[package]]
 name = "windows_i686_msvc"
 version = "0.30.0"
@@ -9707,6 +9739,12 @@ version = "0.36.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e2e7917148b2812d1eeafaeb22a97e4813dfa60a3f8f78ebe204bcc88f12f024"
 
+[[package]]
+name = "windows_i686_msvc"
+version = "0.42.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bf4d1122317eddd6ff351aa852118a2418ad4214e6613a50e0191f7004372605"
+
 [[package]]
 name = "windows_x86_64_gnu"
 version = "0.30.0"
@@ -9725,6 +9763,18 @@ version = "0.36.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4dcd171b8776c41b97521e5da127a2d86ad280114807d0b2ab1e462bc764d9e1"
 
+[[package]]
+name = "windows_x86_64_gnu"
+version = "0.42.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c1040f221285e17ebccbc2591ffdc2d44ee1f9186324dd3e84e99ac68d699c45"
+
+[[package]]
+name = "windows_x86_64_gnullvm"
+version = "0.42.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "628bfdf232daa22b0d64fdb62b09fcc36bb01f05a3939e20ab73aaf9470d0463"
+
 [[package]]
 name = "windows_x86_64_msvc"
 version = "0.30.0"
@@ -9743,6 +9793,12 @@ version = "0.36.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "c811ca4a8c853ef420abd8592ba53ddbbac90410fab6903b3e79972a631f7680"
 
+[[package]]
+name = "windows_x86_64_msvc"
+version = "0.42.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "447660ad36a13288b1db4d4248e857b510e8c3a225c822ba4fb748c0aafecffd"
+
 [[package]]
 name = "winreg"
 version = "0.7.0"
diff --git a/Cargo.toml b/Cargo.toml
index 191c0e232edc7..184a1ebd16eaa 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -136,7 +136,7 @@ vrl-cli = { path = "lib/vrl/cli", optional = true }
 async-stream = { version = "0.3.3", default-features = false }
 async-trait = { version = "0.1.57", default-features = false }
 futures = { version = "0.3.24", default-features = false, features = ["compat", "io-compat"], package = "futures" }
-tokio = { version = "1.21.1", default-features = false, features = ["full"] }
+tokio = { version = "1.24.2", default-features = false, features = ["full"] }
 tokio-openssl = { version = "0.6.3", default-features = false }
 tokio-stream = { version = "0.1.10", default-features = false, features = ["net", "sync", "time"] }
 tokio-util = { version = "0.7", default-features = false, features = ["io", "time"] }
@@ -344,7 +344,7 @@ proptest = "1.0"
 quickcheck = "1.0.3"
 reqwest = { version = "0.11", features = ["json"] }
 tempfile = "3.3.0"
-tokio = { version = "1.21.0", features = ["test-util"] }
+tokio = { version = "1.24.2", features = ["test-util"] }
 tokio-test = "0.4.2"
 tower-test = "0.4.0"
 value = { path = "lib/value", features = ["test"] }
diff --git a/lib/file-source/Cargo.toml b/lib/file-source/Cargo.toml
index c488113780b62..d7c2f0c4062bf 100644
--- a/lib/file-source/Cargo.toml
+++ b/lib/file-source/Cargo.toml
@@ -66,7 +66,7 @@ default-features = false
 features = []
 
 [dependencies.tokio]
-version = "1.21.0"
+version = "1.24.2"
 default-features = false
 features = ["full"]
 
diff --git a/lib/k8s-e2e-tests/Cargo.toml b/lib/k8s-e2e-tests/Cargo.toml
index ae7aa7137c376..074bdea2b8606 100644
--- a/lib/k8s-e2e-tests/Cargo.toml
+++ b/lib/k8s-e2e-tests/Cargo.toml
@@ -14,7 +14,7 @@ k8s-test-framework = { version = "0.1", path = "../k8s-test-framework" }
 regex = "1"
 reqwest = { version = "0.11.12", features = ["json"] }
 serde_json = "1"
-tokio = { version = "1.21.0", features = ["full"] }
+tokio = { version = "1.24.2", features = ["full"] }
 indoc = "1.0.7"
 env_logger = "0.9"
 tracing = { version = "0.1", features = ["log"] }
diff --git a/lib/k8s-test-framework/Cargo.toml b/lib/k8s-test-framework/Cargo.toml
index 9f9c375837dc2..c2a969ab1ea7b 100644
--- a/lib/k8s-test-framework/Cargo.toml
+++ b/lib/k8s-test-framework/Cargo.toml
@@ -11,5 +11,5 @@ license = "MPL-2.0"
 k8s-openapi = { version = "0.16.0", default-features = false, features = ["v1_19"] }
 serde_json = "1"
 tempfile = "3"
-tokio = { version = "1.21.0", features = ["full"] }
+tokio = { version = "1.24.2", features = ["full"] }
 log = "0.4"
diff --git a/lib/vector-api-client/Cargo.toml b/lib/vector-api-client/Cargo.toml
index cde23af6d470f..6bd865000119a 100644
--- a/lib/vector-api-client/Cargo.toml
+++ b/lib/vector-api-client/Cargo.toml
@@ -18,7 +18,7 @@ anyhow = { version = "1.0.65", default-features = false, features = ["std"] }
 # Tokio / Futures
 async-trait = { version = "0.1", default-features = false }
 futures = { version = "0.3", default-features = false, features = ["compat", "io-compat"] }
-tokio = { version = "1.21.0", default-features = false, features = ["macros", "rt", "sync"] }
+tokio = { version = "1.24.2", default-features = false, features = ["macros", "rt", "sync"] }
 tokio-stream = { version = "0.1.10", default-features = false, features = ["sync"] }
 
 # GraphQL
diff --git a/lib/vector-buffers/Cargo.toml b/lib/vector-buffers/Cargo.toml
index 2815a7e00ef9d..7d792879d124b 100644
--- a/lib/vector-buffers/Cargo.toml
+++ b/lib/vector-buffers/Cargo.toml
@@ -27,7 +27,7 @@ rkyv = { version = "0.7.39", default-features = false, features = ["size_32", "s
 serde = { version = "1.0.145", default-features = false, features = ["derive"] }
 snafu = { version = "0.7.1", default-features = false, features = ["std"] }
 tokio-util = { version = "0.7.0", default-features = false }
-tokio = { version = "1.21.0", default-features = false, features = ["rt", "macros", "rt-multi-thread", "sync", "fs", "io-util", "time"] }
+tokio = { version = "1.24.2", default-features = false, features = ["rt", "macros", "rt-multi-thread", "sync", "fs", "io-util", "time"] }
 tracing = { version = "0.1.34", default-features = false, features = ["attributes"] }
 vector-config = { path = "../vector-config", default-features = false }
 vector-config-common = { path = "../vector-config-common", default-features = false }
diff --git a/lib/vector-common/Cargo.toml b/lib/vector-common/Cargo.toml
index a220179e50abb..06e40e98be516 100644
--- a/lib/vector-common/Cargo.toml
+++ b/lib/vector-common/Cargo.toml
@@ -62,7 +62,7 @@ serde = { version = "1.0.145", optional = true, features = ["derive"] }
 smallvec = { version = "1", default-features = false }
 snafu = { version = "0.7", optional = true }
 stream-cancel = { version = "0.8.1", default-features = false }
-tokio = { version = "1.21.0", default-features = false, features = ["macros", "time"] }
+tokio = { version = "1.24.2", default-features = false, features = ["macros", "time"] }
 tracing = { version = "0.1.34", default-features = false }
 value = { path = "../value", features = ["json"] }
 vector-config = { path = "../vector-config" }
@@ -71,4 +71,4 @@ vector-config-macros = { path = "../vector-config-macros" }
 
 [dev-dependencies]
 futures = { version = "0.3.24", default-features = false, features = ["async-await", "std"] }
-tokio = { version = "1.21.0", default-features = false, features = ["rt", "time"] }
+tokio = { version = "1.24.2", default-features = false, features = ["rt", "time"] }
diff --git a/lib/vector-core/Cargo.toml b/lib/vector-core/Cargo.toml
index 9194429c294d1..77a1af63be2b5 100644
--- a/lib/vector-core/Cargo.toml
+++ b/lib/vector-core/Cargo.toml
@@ -44,7 +44,7 @@ serde_json = { version = "1.0.85", default-features = false }
 serde_with = { version = "2.0.1", default-features = false, features = ["std", "macros"] }
 snafu = { version = "0.7.1", default-features = false }
 socket2 = { version = "0.4.7", default-features = false }
-tokio = { version = "1.21.0", default-features = false, features = ["net"] }
+tokio = { version = "1.24.2", default-features = false, features = ["net"] }
 tokio-openssl = { version = "0.6.3", default-features = false }
 tokio-stream = { version = "0.1", default-features = false, features = ["time"], optional = true }
 tokio-util = { version = "0.7.0", default-features = false, features = ["time"] }