diff --git a/.version b/.version
index 68e69e4..7524906 100644
--- a/.version
+++ b/.version
@@ -1 +1 @@
-2.15.0
+2.16.0
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 43c1a2e..a7fc294 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -24,6 +24,12 @@ Fixed - for any bug fixes
 Security - in case of vulnerabilities
 -->
 
+## [2.16.0] - 2021-12-15
+
+### Changed
+
+- CASMHMS-5296 - Rebuild container image to resolve CVE-2021-3520.
+
 ## [2.15.0] - 2021-11-30
 
 ### Added