diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index 32f5bb4a..18fb2ca5 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -23,12 +23,12 @@ jobs:
     strategy:
       matrix:
         os: [ubuntu-latest, macos-latest]
-        swift: ["5.8"]
+        swift: ["5.8.1"]
         include:
         - os: macos-12
-          swift: "5.8"
+          swift: "5.8.1"
         - os: ubuntu-22.04
-          swift: "5.8"
+          swift: "5.8.1"
         - os: windows-latest
           swift: "5.6.3"
     steps:
diff --git a/.github/workflows/stability.yml b/.github/workflows/stability.yml
index 2daacb81..19a594e8 100644
--- a/.github/workflows/stability.yml
+++ b/.github/workflows/stability.yml
@@ -11,7 +11,7 @@ jobs:
     strategy:
       matrix:
         os: [ubuntu-latest, macos-latest]
-        swift: ["5.8"]
+        swift: ["5.8.1"]
     steps:
     - uses: swift-actions/setup-swift@v1
       with:
@@ -25,7 +25,7 @@ jobs:
     strategy:
       matrix:
         os: [ubuntu-latest, macos-latest]
-        swift: ["5.8"]
+        swift: ["5.8.1"]
     steps:
     - uses: swift-actions/setup-swift@main
       with:
diff --git a/README.md b/README.md
index f7a61d4f..03603567 100644
--- a/README.md
+++ b/README.md
@@ -7,7 +7,7 @@
     <img src="https://img.shields.io/badge/platform-macOS%20%7C%20Ubuntu%20%7C%20Windows-lightgray" alt="Supports macOS, Ubuntu & Windows" />
   </a>
   <a href="https://swift.org">
-    <img src="https://img.shields.io/badge/Swift-5.8-F05138?logo=swift&logoColor=white" alt="Swift 5.8" />
+    <img src="https://img.shields.io/badge/Swift-5.8.1-F05138?logo=swift&logoColor=white" alt="Swift 5.8.1" />
   </a>
   <a href="https://github.com/swift-actions/setup-swift/releases/latest">
     <img src="https://img.shields.io/github/v/release/swift-actions/setup-swift?sort=semver" alt="Latest release" />
@@ -28,7 +28,7 @@ After the environment is configured you can run swift commands using the standar
 ```yaml
 - uses: swift-actions/setup-swift@v1
 - name: Get swift version
-  run: swift --version # Swift 5.8
+  run: swift --version # Swift 5.8.1
 ```
 
 A specific Swift version can be set using the `swift-version` input:
@@ -68,7 +68,7 @@ For example, Swift is available as version `5.1` but using this as value for `sw
 In other words specifying...
 - `"5.1.0"` will resolve to version `5.1`
 - `"5.1"` will resolve to latest patch version (aka `5.1.1`)
-- `"5"` will resolve to latest minor and patch version (aka `5.8`)
+- `"5"` will resolve to latest minor and patch version (aka `5.8.1`)
 
 ### Caveats
 
diff --git a/action.yml b/action.yml
index a2da75c2..fb8335f6 100644
--- a/action.yml
+++ b/action.yml
@@ -5,7 +5,7 @@ inputs:
   swift-version: 
     description: Swift version to configure
     required: true
-    default: '5.8'
+    default: '5.8.1'
 outputs:
   version:
     description: The full Swift version that was configured
diff --git a/package.json b/package.json
index a7d711fc..45fd89d3 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "setup-swift",
-  "version": "1.23.0",
+  "version": "1.24.0",
   "description": "Set up GitHub Actions workflow with Swift support",
   "private": true,
   "main": "lib/main.js",