diff --git a/CHANGELOG.md b/CHANGELOG.md
index 751cf14..d36a869 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # GraphDB AWS Terraform Module Changelog
 
+# 1.2.4
+
+* Update default GraphDB version to [10.7.2](https://graphdb.ontotext.com/documentation/10.7/release-notes.html#graphdb-10-7-2)
+
 # 1.2.3
 
 * Removed unused resource "aws_ssm_parameter" named "graphdb_lb_dns_name"
diff --git a/README.md b/README.md
index 114020c..bd62eea 100644
--- a/README.md
+++ b/README.md
@@ -124,7 +124,7 @@ Before you begin using this Terraform module, ensure you meet the following prer
 | vpc\_flow\_logs\_expiration\_days | Define the days after which the VPC flow logs should be deleted | `number` | `7` | no |
 | lb\_enable\_private\_access | Enable or disable the private access via PrivateLink to the GraphDB Cluster | `bool` | `false` | no |
 | ami\_id | (Optional) User-provided AMI ID to use with GraphDB instances. If you provide this value, please ensure it will work with the default userdata script (assumes latest version of Ubuntu LTS). Otherwise, please provide your own userdata script using the user\_supplied\_userdata\_path variable. | `string` | `null` | no |
-| graphdb\_version | GraphDB version | `string` | `"10.7.1"` | no |
+| graphdb\_version | GraphDB version | `string` | `"10.7.2"` | no |
 | device\_name | The device to which EBS volumes for the GraphDB data directory will be mapped. | `string` | `"/dev/sdf"` | no |
 | ebs\_volume\_type | Type of the EBS volumes, used by the GraphDB nodes. | `string` | `"gp3"` | no |
 | ebs\_volume\_size | The size of the EBS volumes, used by the GraphDB nodes. | `number` | `500` | no |
@@ -294,7 +294,7 @@ Note: The options mention above will be appended to the ones set in the user dat
 **Customize GraphDB Version**
 
 ```hcl
-graphdb_version = "10.7.1"
+graphdb_version = "10.7.2"
 ```
 
 **Purge Protection**
diff --git a/variables.tf b/variables.tf
index 48704d3..6ba18c7 100644
--- a/variables.tf
+++ b/variables.tf
@@ -229,7 +229,7 @@ variable "ami_id" {
 variable "graphdb_version" {
   description = "GraphDB version"
   type        = string
-  default     = "10.7.1"
+  default     = "10.7.2"
   nullable    = false
 }