diff --git a/CHANGELOG.md b/CHANGELOG.md
index 38e8b962..83fc0c7d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [1.2.3](https://github.com/GoogleCloudPlatform/cloud-sql-nodejs-connector/compare/v1.2.2...v1.2.3) (2024-02-13)
+
+
+### Bug Fixes
+
+* update dependencies to latest versions ([#300](https://github.com/GoogleCloudPlatform/cloud-sql-nodejs-connector/issues/300)) ([4b025f4](https://github.com/GoogleCloudPlatform/cloud-sql-nodejs-connector/commit/4b025f4d405092c45fedca115a20c5984b844c37))
+
 ## [1.2.2](https://github.com/GoogleCloudPlatform/cloud-sql-nodejs-connector/compare/v1.2.1...v1.2.2) (2024-01-17)
 
 
diff --git a/package-lock.json b/package-lock.json
index 0c701ee3..9d4148cc 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@google-cloud/cloud-sql-connector",
-  "version": "1.2.2",
+  "version": "1.2.3",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "@google-cloud/cloud-sql-connector",
-      "version": "1.2.2",
+      "version": "1.2.3",
       "license": "Apache-2.0",
       "dependencies": {
         "@googleapis/sqladmin": "^14.0.0",
diff --git a/package.json b/package.json
index b25918a6..56a2fa28 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@google-cloud/cloud-sql-connector",
-  "version": "1.2.2",
+  "version": "1.2.3",
   "description": "A JavaScript library for connecting securely to your Cloud SQL instances",
   "author": "Google Inc.",
   "main": "./dist/cjs/index.js",