diff --git a/CHANGELOG.md b/CHANGELOG.md
index 83841c15..46e1fa9c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -45,6 +45,7 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 - Fix nightly release build failure issue. #1195
 - Reorder dnsmasq config to put iPXE last. #1146
 - Update a reference to `--addprofile` to be `--profile`. #1085
+- Update a dependency to address CVE-2024-3727. #1221
 
 ## v4.5.1, 2024-04-30
 
diff --git a/go.mod b/go.mod
index 61328a3e..71c4ed65 100644
--- a/go.mod
+++ b/go.mod
@@ -4,7 +4,7 @@ go 1.20
 
 require (
 	github.com/Masterminds/sprig/v3 v3.2.3
-	github.com/containers/image/v5 v5.30.0
+	github.com/containers/image/v5 v5.30.1
 	github.com/containers/storage v1.53.0
 	github.com/coreos/go-systemd v0.0.0-20190321100706-95778dfbb74e
 	github.com/coreos/ignition/v2 v2.15.0
diff --git a/go.sum b/go.sum
index e544214a..b51d11e1 100644
--- a/go.sum
+++ b/go.sum
@@ -47,8 +47,8 @@ github.com/chzyer/test v1.0.0 h1:p3BQDXSxOhOG0P9z6/hGnII4LGiEPOYBhs8asl/fC04=
 github.com/chzyer/test v1.0.0/go.mod h1:2JlltgoNkt4TW/z9V/IzDdFaMTM2JPIi26O1pF38GC8=
 github.com/client9/misspell v0.3.4/go.mod h1:qj6jICC3Q7zFZvVWo7KLAzC3yx5G7kyvSDkc90ppPyw=
 github.com/containerd/log v0.1.0 h1:TCJt7ioM2cr/tfR8GPbGf9/VRAX8D2B4PjzCpfX540I=
-github.com/containers/image/v5 v5.30.0 h1:CmHeSwI6W2kTRWnUsxATDFY5TEX4b58gPkaQcEyrLIA=
-github.com/containers/image/v5 v5.30.0/go.mod h1:gSD8MVOyqBspc0ynLsuiMR9qmt8UQ4jpVImjmK0uXfk=
+github.com/containers/image/v5 v5.30.1 h1:AKrQMgOKI1oKx5FW5eoU2xoNyzACajHGx1O3qxobvFM=
+github.com/containers/image/v5 v5.30.1/go.mod h1:gSD8MVOyqBspc0ynLsuiMR9qmt8UQ4jpVImjmK0uXfk=
 github.com/containers/libtrust v0.0.0-20230121012942-c1716e8a8d01 h1:Qzk5C6cYglewc+UyGf6lc8Mj2UaPTHy/iF2De0/77CA=
 github.com/containers/libtrust v0.0.0-20230121012942-c1716e8a8d01/go.mod h1:9rfv8iPl1ZP7aqh9YA68wnZv2NUDbXdcdPHVz0pFbPY=
 github.com/containers/ocicrypt v1.1.9 h1:2Csfba4jse85Raxk5HIyEk8OwZNjRvfkhEGijOjIdEM=