diff --git a/package.json b/package.json
index 7495ad2..a482423 100644
--- a/package.json
+++ b/package.json
@@ -18,7 +18,7 @@
     "@openzeppelin/test-helpers": "^0.5.16",
     "@tenderly/hardhat-tenderly": "^1.1.6",
     "chai": "^4.3.7",
-    "dotenv": "^16.0.3",
+    "dotenv": "^16.3.1",
     "ethereum-waffle": "^3.4.4",
     "ethers": "^5.7.2",
     "hardhat": "2.14.0",
diff --git a/yarn.lock b/yarn.lock
index 888ab0e..68a5867 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3602,10 +3602,10 @@ dot-case@^2.1.0:
   dependencies:
     no-case "^2.2.0"
 
-dotenv@^16.0.3:
-  version "16.0.3"
-  resolved "https://registry.yarnpkg.com/dotenv/-/dotenv-16.0.3.tgz#115aec42bac5053db3c456db30cc243a5a836a07"
-  integrity sha512-7GO6HghkA5fYG9TYnNxi14/7K9f5occMlp3zXAuSxn7CKCxt9xbNWG7yF8hTCSUchlfWSe3uLmlPfigevRItzQ==
+dotenv@^16.3.1:
+  version "16.3.1"
+  resolved "https://registry.yarnpkg.com/dotenv/-/dotenv-16.3.1.tgz#369034de7d7e5b120972693352a3bf112172cc3e"
+  integrity sha512-IPzF4w4/Rd94bA9imS68tZBaYyBWSCE47V1RGuMrB94iyTOIEwRmVL2x/4An+6mETpLrKJ5hQkB8W4kFAadeIQ==
 
 dotignore@~0.1.2:
   version "0.1.2"