diff --git a/package.json b/package.json
index 91668c0ad..19866e9d9 100644
--- a/package.json
+++ b/package.json
@@ -75,7 +75,7 @@
     "@nomiclabs/hardhat-solhint": "^2.0.1",
     "@nomiclabs/hardhat-waffle": "2.0.4",
     "@openzeppelin/contracts": "4.5.0",
-    "@openzeppelin/contracts-upgradeable": "4.5.2",
+    "@openzeppelin/contracts-upgradeable": "4.9.3",
     "@sentry/hub": "^7.1.1",
     "@sentry/node": "^7.1.1",
     "@sentry/types": "^7.1.1",
diff --git a/yarn.lock b/yarn.lock
index e15bd3e6a..3b08ed63c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1241,10 +1241,10 @@
     "@types/sinon-chai" "^3.2.3"
     "@types/web3" "1.0.19"
 
-"@openzeppelin/contracts-upgradeable@4.5.2":
-  version "4.5.2"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.5.2.tgz#90d9e47bacfd8693bfad0ac8a394645575528d05"
-  integrity sha512-xgWZYaPlrEOQo3cBj97Ufiuv79SPd8Brh4GcFYhPgb6WvAq4ppz8dWKL6h+jLAK01rUqMRp/TS9AdXgAeNvCLA==
+"@openzeppelin/contracts-upgradeable@4.9.3":
+  version "4.9.3"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.9.3.tgz#ff17a80fb945f5102571f8efecb5ce5915cc4811"
+  integrity sha512-jjaHAVRMrE4UuZNfDwjlLGDxTHWIOwTJS2ldnc278a0gevfXfPr8hxKEVBGFBE96kl2G3VHDZhUimw/+G3TG2A==
 
 "@openzeppelin/contracts@3.4.2-solc-0.7":
   version "3.4.2-solc-0.7"