diff --git a/.trivyignore b/.trivyignore
index d39aa2d37a..6ca77a166f 100644
--- a/.trivyignore
+++ b/.trivyignore
@@ -9,4 +9,3 @@ CVE-2023-39017
 CVE-2023-4586
 # json vulnerability (remove when patch is added)
 CVE-2023-5072
-GHSA-xpw8-rcwv-8f8p
diff --git a/ballerina-test-automation/gradle.properties b/ballerina-test-automation/gradle.properties
index f87563642e..00f357e1ce 100644
--- a/ballerina-test-automation/gradle.properties
+++ b/ballerina-test-automation/gradle.properties
@@ -1,6 +1,6 @@
-swan-lake-latest-version=swan-lake-2201.8.1
+swan-lake-latest-version=swan-lake-2201.8.2
 swan-lake-latest-spec-version=2023R1
-swan-lake-latest-version-display-text=2201.8.1
+swan-lake-latest-version-display-text=2201.8.2
 swan-lake-latest-tool-version=1.4.1
 latest-tool-version=1.4.1
 1-x-channel-latest-version=1.2.13
diff --git a/ballerina/LICENSE b/ballerina/LICENSE
index df9bb8a9be..b9f638af4e 100644
--- a/ballerina/LICENSE
+++ b/ballerina/LICENSE
@@ -83,7 +83,7 @@ semver-checker-core-2201.7.3.jar
 commons-compress-1.21.jar                                                                           bundle         apache2             
 shell-cli-2201.7.3.jar                                                                              jar            apache2             
 error-2201.7.3.jar                                                                                  jar            apache2             
-graphql-cli-0.7.1.jar                                                                               jar            mit                 
+graphql-cli-0.7.2.jar                                                                               jar            mit
 netty-codec-4.1.100.Final.jar                                                                       bundle         apache2
 jaeger-thrift-0.31.0.jar                                                                            jar            apache2             
 stream-2201.7.3.jar                                                                                 jar            apache2             
@@ -154,7 +154,7 @@ kotlin-stdlib-1.6.0.jar
 netty-transport-4.1.100.Final.jar                                                                   bundle         apache2
 okio-2.2.2.jar                                                                                      jar            apache2             
 function-2201.7.3.jar                                                                               jar            apache2             
-graphql-schema-file-generator-0.7.1.jar                                                             jar            apache2             
+graphql-schema-file-generator-0.7.2.jar                                                             jar            apache2
 syntax-api-calls-gen-2201.7.3.jar                                                                   jar            apache2             
 okhttp-3.14.0.jar                                                                                   jar            apache2             
 org.wso2.securevault-1.0.0-wso2v2.jar                                                               bundle         apache2             
diff --git a/gradle.properties b/gradle.properties
index 272c164af4..0bb9bc697f 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,9 +1,9 @@
 org.gradle.caching=true
 group=org.ballerinalang
 # During the release workflow, the following will get bumped automatically
-version=2201.7.3-SNAPSHOT
+version=2201.7.4
 codeName=swan-lake
-ballerinaLangVersion=2201.7.3
+ballerinaLangVersion=2201.7.4
 ballerinaJreVersion=1.1.0
 dependencyJREVersion=jdk-11.0.18+10-jre
 specVersion=2023R1