diff --git a/Cargo.lock b/Cargo.lock
index ab3b931f75ce..9b75969e7612 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -320,6 +320,12 @@ version = "0.13.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "904dfeac50f3cdaba28fc6f57fdcddb75f49ed61346676a78c4ffe55877802fd"
 
+[[package]]
+name = "base64ct"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "22fb38fd6e62e4ceec8543db40ceb714454ff173451a0f2a6c8952fdf39a2d6c"
+
 [[package]]
 name = "bindgen"
 version = "0.54.0"
@@ -4713,6 +4719,15 @@ dependencies = [
  "winapi 0.3.9",
 ]
 
+[[package]]
+name = "password-hash"
+version = "0.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "721a49e14f1803441886c688ba8b653b52e1dcc926969081d22384e300ea4106"
+dependencies = [
+ "base64ct",
+]
+
 [[package]]
 name = "pathdiff"
 version = "0.2.0"
@@ -4721,17 +4736,15 @@ checksum = "877630b3de15c0b64cc52f659345724fbf6bdad9bd9566699fc53688f3c34a34"
 
 [[package]]
 name = "pbkdf2"
-version = "0.5.0"
+version = "0.7.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7170d73bf11f39b4ce1809aabc95bf5c33564cdc16fc3200ddda17a5f6e5e48b"
+checksum = "5e9dbbc79255e181e64afb7aee37d3b7e2e0925c20a6b05bba3ebe8ed82e6bfa"
 dependencies = [
- "base64 0.12.3",
- "crypto-mac 0.9.1",
- "hmac 0.9.0",
- "rand 0.7.3",
- "rand_core 0.5.1",
+ "base64ct",
+ "crypto-mac 0.10.0",
+ "hmac 0.10.1",
+ "password-hash",
  "sha2",
- "subtle",
 ]
 
 [[package]]
diff --git a/testsuite/cli/libra-wallet/Cargo.toml b/testsuite/cli/libra-wallet/Cargo.toml
index f32826c477b8..3fef3d0ab14a 100644
--- a/testsuite/cli/libra-wallet/Cargo.toml
+++ b/testsuite/cli/libra-wallet/Cargo.toml
@@ -15,7 +15,7 @@ rand = "0.7.3"
 hex = "0.4.2"
 hmac = "0.9.0"
 byteorder = "1.3.4"
-pbkdf2 = "0.5.0"
+pbkdf2 = "0.7.2"
 serde = "1.0.117"
 sha2 = "0.9.2"
 thiserror = "1.0.22"