diff --git a/Makefile b/Makefile
index 36233e35..0dd349c6 100644
--- a/Makefile
+++ b/Makefile
@@ -1,6 +1,6 @@
 # UPDATE_HERE
 GO := GOPROXY=https://proxy.golang.org go
-SOPS_SEC_OPERATOR_VERSION := 0.12.1
+SOPS_SEC_OPERATOR_VERSION := 0.12.3
 
 # https://github.com/kubernetes-sigs/controller-tools/releases
 CONTROLLER_GEN_VERSION := "v0.14.0"