diff --git a/projects/core/values/cilium.yaml b/projects/core/values/cilium.yaml
index e2bb88f6..d9e018e9 100644
--- a/projects/core/values/cilium.yaml
+++ b/projects/core/values/cilium.yaml
@@ -90,7 +90,7 @@ rollOutCiliumPods: false
 image:
   override: ~
   repository: "quay.io/cilium/cilium"
-  tag: "v1.12.2"
+  tag: "v1.12.3"
   pullPolicy: "IfNotPresent"
   # cilium-digest
   digest: ""
@@ -1627,7 +1627,7 @@ preflight:
   image:
     override: ~
     repository: "quay.io/cilium/cilium"
-    tag: "v1.12.2"
+    tag: "v1.12.3"
     # cilium-digest
     digest: ""
     useDigest: false