diff --git a/Cargo.lock b/Cargo.lock
index ab3b931f75ce..c345dc1f5b5f 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 = "1.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d0d27fb6b6f1e43147af148af49d49329413ba781aa0d5e10979831c210173b5"
+
 [[package]]
 name = "bindgen"
 version = "0.54.0"
@@ -1163,6 +1169,16 @@ dependencies = [
  "subtle",
 ]
 
+[[package]]
+name = "crypto-mac"
+version = "0.11.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "25fab6889090c8133f3deb8f73ba3c65a7f456f66436fc012a1b1e272b1e103e"
+dependencies = [
+ "generic-array 0.14.4",
+ "subtle",
+]
+
 [[package]]
 name = "csv"
 version = "1.1.4"
@@ -2237,6 +2253,16 @@ dependencies = [
  "digest 0.9.0",
 ]
 
+[[package]]
+name = "hmac"
+version = "0.11.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2a2a2320eb7ec0ebe8da8f744d7812d9fc4cb4d09344ac01898dbcb6a20ae69b"
+dependencies = [
+ "crypto-mac 0.11.0",
+ "digest 0.9.0",
+]
+
 [[package]]
 name = "hostname"
 version = "0.3.1"
@@ -4713,6 +4739,16 @@ dependencies = [
  "winapi 0.3.9",
 ]
 
+[[package]]
+name = "password-hash"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7561a874264c351c35ccde0da29a98dea5f2483357c049673319c7f3446d14da"
+dependencies = [
+ "base64ct",
+ "rand_core 0.6.2",
+]
+
 [[package]]
 name = "pathdiff"
 version = "0.2.0"
@@ -4721,17 +4757,15 @@ checksum = "877630b3de15c0b64cc52f659345724fbf6bdad9bd9566699fc53688f3c34a34"
 
 [[package]]
 name = "pbkdf2"
-version = "0.5.0"
+version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7170d73bf11f39b4ce1809aabc95bf5c33564cdc16fc3200ddda17a5f6e5e48b"
+checksum = "d95f5254224e617595d2cc3cc73ff0a5eaf2637519e25f03388154e9378b6ffa"
 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 0.11.0",
+ "hmac 0.11.0",
+ "password-hash",
  "sha2",
- "subtle",
 ]
 
 [[package]]
@@ -5216,6 +5250,12 @@ dependencies = [
  "getrandom 0.1.15",
 ]
 
+[[package]]
+name = "rand_core"
+version = "0.6.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "34cf66eb183df1c5876e2dcf6b13d57340741e8dc255b48e40a26de954d06ae7"
+
 [[package]]
 name = "rand_hc"
 version = "0.1.0"
diff --git a/testsuite/cli/libra-wallet/Cargo.toml b/testsuite/cli/libra-wallet/Cargo.toml
index f32826c477b8..e539d3a047e5 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 = "0.8.0"
 serde = "1.0.117"
 sha2 = "0.9.2"
 thiserror = "1.0.22"