diff --git a/benchmarks/pom.xml b/benchmarks/pom.xml
index cbe181ddf..38a599af3 100644
--- a/benchmarks/pom.xml
+++ b/benchmarks/pom.xml
@@ -34,7 +34,7 @@
 		<maven.compiler.target>1.8</maven.compiler.target>
 		<maven.compiler.source>1.8</maven.compiler.source>
 		<spring-boot.version>2.1.10.RELEASE</spring-boot.version>
-		<brave.version>5.12.1</brave.version>
+		<brave.version>5.12.3</brave.version>
 		<okhttp.version>3.11.0</okhttp.version>
 	</properties>
 
diff --git a/pom.xml b/pom.xml
index b1122e9da..f4e1fa61e 100644
--- a/pom.xml
+++ b/pom.xml
@@ -264,7 +264,7 @@
 		<spring-cloud-stream.version>Fishtown.SR4</spring-cloud-stream.version>
 		<spring-cloud-netflix.version>2.1.6.BUILD-SNAPSHOT</spring-cloud-netflix.version>
 		<spring-cloud-openfeign.version>2.1.6.BUILD-SNAPSHOT</spring-cloud-openfeign.version>
-		<brave.version>5.12.1</brave.version>
+		<brave.version>5.12.3</brave.version>
 		<spring-security-boot-autoconfigure.version>2.1.2.RELEASE
 		</spring-security-boot-autoconfigure.version>
 
diff --git a/spring-cloud-sleuth-dependencies/pom.xml b/spring-cloud-sleuth-dependencies/pom.xml
index 4cb17a51f..fd282c427 100644
--- a/spring-cloud-sleuth-dependencies/pom.xml
+++ b/spring-cloud-sleuth-dependencies/pom.xml
@@ -31,7 +31,7 @@
 	<name>spring-cloud-sleuth-dependencies</name>
 	<description>Spring Cloud Sleuth Dependencies</description>
 	<properties>
-		<brave.version>5.12.1</brave.version>
+		<brave.version>5.12.3</brave.version>
 		<brave.opentracing.version>0.33.13</brave.opentracing.version>
 		<grpc.spring.boot.version>3.0.1</grpc.spring.boot.version>
 	</properties>