diff --git a/CHANGELOG.md b/CHANGELOG.md
index d0a84507..ecbbc857 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,14 @@ follows:
    minor and patch releases. They're also made to fix bugs and add features to
    the build infrastructure.
 
+## v1.24.1
+
+This is a security/bug fix update for v1.24.0.
+
+* Package updates
+  * [Erlang/OTP 26.1.1](https://erlang.org/download/OTP-26.1.1.README)
+  * [Buildroot 2023.05.3](https://lore.kernel.org/buildroot/87h6ngup34.fsf@48ers.dk/T/)
+
 ## v1.24.0
 
 This update pulls in Erlang/OTP 26.1 and Buildroot 2023.05.2. For the Buildroot
diff --git a/VERSION b/VERSION
index 53cc1a6f..f9e8384b 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.24.0
+1.24.1