diff --git a/package.json b/package.json
index 001a5054f..491c0f22e 100644
--- a/package.json
+++ b/package.json
@@ -87,7 +87,7 @@
   },
   "devDependencies": {
     "@next/bundle-analyzer": "^13.1.1",
-    "@openzeppelin/contracts": "^4.8.1",
+    "@openzeppelin/contracts": "^4.8.3",
     "@safe-global/safe-core-sdk-types": "^1.9.0",
     "@sentry/types": "^7.28.1",
     "@svgr/webpack": "^6.3.1",
diff --git a/yarn.lock b/yarn.lock
index 53478bd16..03ec3fa3e 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2647,10 +2647,10 @@
     "@nodelib/fs.scandir" "2.1.5"
     fastq "^1.6.0"
 
-"@openzeppelin/contracts@^4.8.1":
-  version "4.8.1"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.8.1.tgz#709cfc4bbb3ca9f4460d60101f15dac6b7a2d5e4"
-  integrity sha512-xQ6eUZl+RDyb/FiZe1h+U7qr/f4p/SrTSQcTPH2bjur3C5DbuW/zFgCU/b1P/xcIaEqJep+9ju4xDRi3rmChdQ==
+"@openzeppelin/contracts@^4.8.3":
+  version "4.8.3"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.8.3.tgz#cbef3146bfc570849405f59cba18235da95a252a"
+  integrity sha512-bQHV8R9Me8IaJoJ2vPG4rXcL7seB7YVuskr4f+f5RyOStSZetwzkWtoqDMl5erkBJy0lDRUnIR2WIkPiC0GJlg==
 
 "@pkgr/utils@^2.3.1":
   version "2.3.1"