diff --git a/Cargo.lock b/Cargo.lock
index 56a7b4ba7f..7dcc77df1b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -752,6 +752,12 @@ version = "0.2.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "21a53c0a4d288377e7415b53dcfc3c04da5cdc2cc95c8d5ac178b58f0b861ad6"
 
+[[package]]
+name = "constant_time_eq"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f7144d30dcf0fafbce74250a3963025d8d52177934239851c917d29f1df280c2"
+
 [[package]]
 name = "convert_case"
 version = "0.4.0"
@@ -2162,7 +2168,7 @@ dependencies = [
  "bincode",
  "hkdf",
  "iota-crypto 0.15.3",
- "rust-argon2",
+ "rust-argon2 1.0.0",
  "serde",
  "stronghold-derive",
  "stronghold-utils",
@@ -3587,6 +3593,17 @@ dependencies = [
  "crossbeam-utils",
 ]
 
+[[package]]
+name = "rust-argon2"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1e71971821b3ae0e769e4a4328dbcb517607b434db7697e9aba17203ec14e46a"
+dependencies = [
+ "base64 0.21.2",
+ "blake2b_simd",
+ "constant_time_eq 0.3.0",
+]
+
 [[package]]
 name = "rustc-demangle"
 version = "0.1.23"
@@ -4774,7 +4791,7 @@ dependencies = [
  "rand 0.8.5",
  "rand_chacha 0.3.1",
  "rand_core 0.6.4",
- "rust-argon2",
+ "rust-argon2 2.0.0",
  "rusty-fork",
  "serde",
  "serde_json",
diff --git a/plugins/stronghold/Cargo.toml b/plugins/stronghold/Cargo.toml
index 5952fb1bf8..bb5fa87973 100644
--- a/plugins/stronghold/Cargo.toml
+++ b/plugins/stronghold/Cargo.toml
@@ -21,7 +21,7 @@ hex = "0.4"
 zeroize = { version = "1", features = ["zeroize_derive"] }
 
 # kdf dependencies
-rust-argon2 = { version = "1", optional = true }
+rust-argon2 = { version = "2", optional = true }
 rand_chacha = { version = "0.3.1", optional = true }
 rand_core = { version = "0.6.4", features = ["getrandom"], optional = true }