diff --git a/project/ProjectPlugin.scala b/project/ProjectPlugin.scala
index 05746ceab..589776814 100644
--- a/project/ProjectPlugin.scala
+++ b/project/ProjectPlugin.scala
@@ -18,7 +18,7 @@ object ProjectPlugin extends AutoPlugin {
 
     lazy val V = new {
       val avro4s: String                = "4.1.2"
-      val catsEffect: String            = "3.5.3"
+      val catsEffect: String            = "3.5.4"
       val catsRetry: String             = "3.1.0"
       val dockerItScala                 = "0.12.0"
       val dropwizard: String            = "4.2.25"