diff --git a/package/python-boto3/python-boto3.hash b/package/python-boto3/python-boto3.hash
index 358fabd39b..96c03be61c 100644
--- a/package/python-boto3/python-boto3.hash
+++ b/package/python-boto3/python-boto3.hash
@@ -1,4 +1,4 @@
 # sha256 from https://pypi.org/pypi/boto3/json
-sha256  11a6035060230e92327d4f10fef6bc44188b2cd68504012bc25ed62ac31d670b  boto3-1.19.2.tar.gz
+sha256  833e67edfb73f2cc22ff27a1c33728686dc90a9e81ba2551f9462ea2d1b04f41  boto3-1.24.8.tar.gz
 # Locally computed sha256 checksums
 sha256  0d542e0c8804e39aa7f37eb00da5a762149dc682d7829451287e11b938e94594  LICENSE
diff --git a/package/python-boto3/python-boto3.mk b/package/python-boto3/python-boto3.mk
index 8e10aa482d..c5f9133573 100644
--- a/package/python-boto3/python-boto3.mk
+++ b/package/python-boto3/python-boto3.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_BOTO3_VERSION = 1.19.2
+PYTHON_BOTO3_VERSION = 1.24.8
 PYTHON_BOTO3_SOURCE = boto3-$(PYTHON_BOTO3_VERSION).tar.gz
-PYTHON_BOTO3_SITE = https://files.pythonhosted.org/packages/ec/45/d12f9c09b5c4dad8bcb098dfae5e9e1253ed6408efbbd9a3e60bff55b824
+PYTHON_BOTO3_SITE = https://files.pythonhosted.org/packages/60/3b/6fed306341003fd059f402d22747ba33d07b8ac8bfe53dbedb2c6e42ee3b
 PYTHON_BOTO3_SETUP_TYPE = setuptools
 PYTHON_BOTO3_LICENSE = Apache-2.0
 PYTHON_BOTO3_LICENSE_FILES = LICENSE