diff --git a/0.X/Dockerfile b/0.X/Dockerfile
index 428e430..697db9b 100644
--- a/0.X/Dockerfile
+++ b/0.X/Dockerfile
@@ -1,7 +1,7 @@
 FROM alpine:3.14
 
 # This is the release of Vault to pull in.
-ARG VAULT_VERSION=1.11.8
+ARG VAULT_VERSION=1.12.4
 
 # Create a vault user and group first so the IDs get set the same way,
 # even as the rest of this may change over time.
diff --git a/0.X/Makefile b/0.X/Makefile
index 46b27e3..95149b9 100644
--- a/0.X/Makefile
+++ b/0.X/Makefile
@@ -1,5 +1,5 @@
 export REGISTRY_NAME?=docker.io/hashicorp
-export VERSION=1.11.8
+export VERSION=1.12.4
 
 .PHONY: build ent-image oss-image xc-prod-image
 
diff --git a/ubi/Dockerfile b/ubi/Dockerfile
index 0299a22..a22e616 100644
--- a/ubi/Dockerfile
+++ b/ubi/Dockerfile
@@ -1,7 +1,7 @@
 FROM registry.access.redhat.com/ubi8/ubi-minimal:8.6
 
 LABEL maintainer="HashiCorp"
-ARG VAULT_VERSION=1.11.8
+ARG VAULT_VERSION=1.12.4
 
 # Additional metadata labels used by container registries, platforms
 # and certification scanners.
diff --git a/ubi/Makefile b/ubi/Makefile
index 71c7ed0..fcf74cb 100644
--- a/ubi/Makefile
+++ b/ubi/Makefile
@@ -1,5 +1,5 @@
 export REGISTRY_NAME?=docker.io/hashicorp
-export VERSION=1.11.8
+export VERSION=1.12.4
 
 .PHONY: build ent-image oss-image