diff --git a/.github/actions/tool-setup/action.yml b/.github/actions/tool-setup/action.yml
index d1a6ba6715485..6c569322e20bd 100644
--- a/.github/actions/tool-setup/action.yml
+++ b/.github/actions/tool-setup/action.yml
@@ -20,7 +20,7 @@ runs:
 
         if [[ "${INPUT_PHP:-$PHP_VERSION}" == 7.[01] ]]; then
           printf "Downgrading composer for PHP %s\n\n" "${INPUT_PHP:-$PHP_VERSION}"
-          COMPOSER_VERSION=2.2.12
+          COMPOSER_VERSION=2.2.23
         fi
 
         printf "\n\e[1mSelected tool versions\e[0m\n"
diff --git a/.github/versions.sh b/.github/versions.sh
index e0865228c9167..6258120734591 100644
--- a/.github/versions.sh
+++ b/.github/versions.sh
@@ -1,6 +1,6 @@
 # Versions of tools to use in CI.
 PHP_VERSION=8.2
-COMPOSER_VERSION=2.6.5
+COMPOSER_VERSION=2.7.1
 NODE_VERSION=20.8.1
 PNPM_VERSION=8.6.8