diff --git a/CHANGELOG.md b/CHANGELOG.md
index 05383f13..bb9f0f53 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,13 @@ See [upgrade notes][1] for helpful information when upgrading from previous vers
 
 ## Unreleased
 
+What's changed since v2.3.0:
+
+- Engineering:
+  - Bump PSRule to v2.4.0.
+    [#518](https://github.com/microsoft/PSRule-pipelines/pull/518)
+    - See the [change log](https://microsoft.github.io/PSRule/latest/CHANGELOG-v2/#v240)
+
 ## v2.3.0
 
 What's changed since v2.2.0:
diff --git a/modules.json b/modules.json
index ee1ad0d4..995da359 100644
--- a/modules.json
+++ b/modules.json
@@ -4,7 +4,7 @@
       "version": "2.2.5"
     },
     "PSRule": {
-      "version": "2.3.2"
+      "version": "2.4.0"
     },
     "VstsTaskSdk": {
       "version": "0.11.0"
diff --git a/vss-extension.json b/vss-extension.json
index a42ab7a5..0a716f65 100644
--- a/vss-extension.json
+++ b/vss-extension.json
@@ -100,8 +100,8 @@
             "packagePath": "/ps-rule-assert/ps-rule-assertV2/version.json"
         },
         {
-            "path": "ps_modules/PSRule/2.3.2",
-            "packagePath": "/ps-rule-assert/ps-rule-assertV2/ps_modules/PSRule/2.3.2"
+            "path": "ps_modules/PSRule/2.4.0",
+            "packagePath": "/ps-rule-assert/ps-rule-assertV2/ps_modules/PSRule/2.4.0"
         },
         {
             "path": "ps_modules/VstsTaskSdk/0.11.0",