diff --git a/images/base/Dockerfile b/images/base/Dockerfile
index 5ba03ea782..c3dec6d7a5 100644
--- a/images/base/Dockerfile
+++ b/images/base/Dockerfile
@@ -27,19 +27,19 @@ ARG TARGETARCH
 
 # Configure containerd and runc binaries from kind-ci/containerd-nightlies repository
 # The repository contains latest stable releases and nightlies built for multiple architectures
-ARG CONTAINERD_VERSION="1.6.4"
+ARG CONTAINERD_VERSION="1.6.6"
 ARG CONTAINERD_BASE_URL="https://github.com/kind-ci/containerd-nightlies/releases/download/containerd-${CONTAINERD_VERSION}"
 ARG CONTAINERD_URL="${CONTAINERD_BASE_URL}/containerd-${CONTAINERD_VERSION}-linux-${TARGETARCH}.tar.gz"
-ARG CONTAINERD_AMD64_SHA256SUM="57d432c144871d3602b174232533619d7613b8453131a4fe30153ba9e2adae76"
-ARG CONTAINERD_ARM64_SHA256SUM="8f566009eca685d4cd4ac351834a88f2c435bf299fe84dde9a975a989d806a2c"
-ARG CONTAINERD_PPC64LE_SHA256SUM="39ba5b1974fb79559d20b1d644734c55505969df0ac67b0dc33a6499b15ba451"
-ARG CONTAINERD_S390X_SHA256SUM="8b7f114ea9dfc6d3042cb31ec70ad7ae8afd3db3ef33ec6856c85b154c9be32e"
+ARG CONTAINERD_AMD64_SHA256SUM="1745f3505520559994ca692662d2274bed61eb3043f6f298d06e4abe257494b4"
+ARG CONTAINERD_ARM64_SHA256SUM="db6c86953a9b4a91ec7a03b1a54edece7c550af3cd40a3818b3d1025e4c722b0"
+ARG CONTAINERD_PPC64LE_SHA256SUM="9cb28f4bb72c632211adffb571acb3825a96f2055e61d5b72765d06e7100415c"
+ARG CONTAINERD_S390X_SHA256SUM="f36b75338b8f713de93dd13830c5334063b89674e74144b5bd400280f754dfed"
 
 ARG RUNC_URL="${CONTAINERD_BASE_URL}/runc.${TARGETARCH}"
-ARG RUNC_AMD64_SHA256SUM="ebe475dc7b5e42f6c8940038582f8a642eab3e7da98693df83e5bd11ae598a1c"
-ARG RUNC_ARM64_SHA256SUM="5f87f14a64563fe9c1822b661e049b7c0e6e038ac12082b6f91b76b751b6eca0"
-ARG RUNC_PPC64LE_SHA256SUM="5ace7abfbca9a20e87567bf0718627f813b4430be398f6c01ca6fe2a0e04a364"
-ARG RUNC_S390X_SHA256SUM="6e7d2c3d3e97df4fb8bcecd0e7b84ccbbba5b401a8c37da90cbd8f4714cf89ee"
+ARG RUNC_AMD64_SHA256SUM="f614f2ad995e53ebd5722450dd628cedb3a143a658179d00190a203b8b057f31"
+ARG RUNC_ARM64_SHA256SUM="9ea2df7dcefc1e720ccc7113e1649e5b1976fea08d86b4eb2d2ac273000d4991"
+ARG RUNC_PPC64LE_SHA256SUM="6551442fa5537a1024fe372e9310d242c5a74660fe2accde95c06e3916e68349"
+ARG RUNC_S390X_SHA256SUM="feb82f880a68bc51043fc14db9fdd9f632fae04e87d3ca82bb12db15a59950f0"
 
 # Configure crictl binary from upstream
 ARG CRICTL_VERSION="v1.24.0"
diff --git a/pkg/apis/config/defaults/image.go b/pkg/apis/config/defaults/image.go
index b58ce710fd..0e75d200af 100644
--- a/pkg/apis/config/defaults/image.go
+++ b/pkg/apis/config/defaults/image.go
@@ -18,4 +18,4 @@ limitations under the License.
 package defaults
 
 // Image is the default for the Config.Image field, aka the default node image.
-const Image = "kindest/node:v1.24.1@sha256:11276ce4763d5600379c0104c4cb51bf7420c8c02937708e958ad68d08e0910c"
+const Image = "kindest/node:v1.24.2@sha256:a3220cefdf4f9be6681c871da35521eaaf59fadd7d509613a9e1881c5f74b587"
diff --git a/pkg/build/nodeimage/defaults.go b/pkg/build/nodeimage/defaults.go
index c513b4d8a4..5a5d8b9e98 100644
--- a/pkg/build/nodeimage/defaults.go
+++ b/pkg/build/nodeimage/defaults.go
@@ -20,4 +20,4 @@ package nodeimage
 const DefaultImage = "kindest/node:latest"
 
 // DefaultBaseImage is the default base image used
-const DefaultBaseImage = "docker.io/kindest/base:v20220623-6fae6573"
+const DefaultBaseImage = "docker.io/kindest/base:v20220623-3a47e971"