diff --git a/SECURITY-INSIGHTS.yml b/SECURITY-INSIGHTS.yml
index 2ed43542fed7b..e9efe04d0b8f5 100644
--- a/SECURITY-INSIGHTS.yml
+++ b/SECURITY-INSIGHTS.yml
@@ -3,9 +3,9 @@ header:
   expiration-date: '2024-10-31T00:00:00.000Z' # One year from initial release.
   last-updated: '2023-10-27'
   last-reviewed: '2023-10-27'
-  commit-hash: 06ef059f9fc7cf9da2dfaef2a505ee1e3c693485
+  commit-hash: f31c83e73757ca513b92fa363c88f0d214ef3900
   project-url: https://github.com/argoproj/argo-cd
-  project-release: v3.3.0
+  project-release: v3.4.0
   changelog: https://github.com/argoproj/argo-cd/releases
   license: https://github.com/argoproj/argo-cd/blob/master/LICENSE
 project-lifecycle:
diff --git a/VERSION b/VERSION
index 15a2799817207..18091983f59dd 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-3.3.0
+3.4.0