diff --git a/charts/base-cluster/Chart.yaml b/charts/base-cluster/Chart.yaml
index 4128b561f..eb151bd05 100644
--- a/charts/base-cluster/Chart.yaml
+++ b/charts/base-cluster/Chart.yaml
@@ -39,7 +39,7 @@ annotations:
     - image: docker.io/grafana/promtail:2.9.2
     - image: docker.io/otel/opentelemetry-collector-contrib:0.92.0
     - image: docker.io/velero/velero-plugin-for-aws:v1.7.0
-    - image: docker.io/velero/velero:v1.12.2
+    - image: docker.io/velero/velero:v1.12.3
     - image: docker.io/vladgh/gpg@sha256:8514acc9c94607895e3dea724bd85d885252666212567f6632d2654580539ed3
     - image: ghcr.io/aquasecurity/trivy-operator:0.18.1
     - image: ghcr.io/kyverno/cleanup-controller:v1.9.5