diff --git a/CHANGELOG.md b/CHANGELOG.md
index cdf8a172..4b50690d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [3.1.1](https://github.com/OctopusDeploy/install-octopus-cli-action/compare/v3.1.0...v3.1.1) (2023-12-21)
+
+
+### Bug Fixes
+
+* Updates to latest transitive dependencies to address dependabot alerts ([#413](https://github.com/OctopusDeploy/install-octopus-cli-action/issues/413)) ([2efe771](https://github.com/OctopusDeploy/install-octopus-cli-action/commit/2efe771f0571c855f3545cf363c700cbdf71264e))
+
 ## [3.1.0](https://github.com/OctopusDeploy/install-octopus-cli-action/compare/v3.0.1...v3.1.0) (2023-12-14)
 
 
diff --git a/package-lock.json b/package-lock.json
index 3cdc9c7b..ee48edc1 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "install-octopus-cli-action",
-  "version": "3.1.0",
+  "version": "3.1.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "install-octopus-cli-action",
-      "version": "3.1.0",
+      "version": "3.1.1",
       "license": "Apache-2.0",
       "dependencies": {
         "@actions/core": "1.10.0",
diff --git a/package.json b/package.json
index 2062abc8..7a73b6f1 100644
--- a/package.json
+++ b/package.json
@@ -83,5 +83,5 @@
     "postbuild": "ncc build out/main.js -o dist",
     "test": "jest --ci --reporters=default --reporters=jest-junit --passWithNoTests"
   },
-  "version": "3.1.0"
+  "version": "3.1.1"
 }