diff --git a/solidity/bmc/package-lock.json b/solidity/bmc/package-lock.json
index 75dbc48ac..7a6eb9c54 100644
--- a/solidity/bmc/package-lock.json
+++ b/solidity/bmc/package-lock.json
@@ -1035,9 +1035,9 @@
             }
         },
         "@openzeppelin/contracts-upgradeable": {
-            "version": "4.7.3",
-            "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.3.tgz",
-            "integrity": "sha512-+wuegAMaLcZnLCJIvrVUDzA9z/Wp93f0Dla/4jJvIhijRrPabjQbZe6fWiECLaJyfn5ci9fqf9vTw3xpQOad2A=="
+            "version": "4.8.3",
+            "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.8.3.tgz",
+            "integrity": "sha512-SXDRl7HKpl2WDoJpn7CK/M9U4Z8gNXDHHChAKh0Iz+Wew3wu6CmFYBeie3je8V0GSXZAIYYwUktSrnW/kwVPtg=="
         },
         "@openzeppelin/truffle-upgrades": {
             "version": "1.16.0",
diff --git a/solidity/bmc/package.json b/solidity/bmc/package.json
index 47e729ed4..bc1d8280e 100644
--- a/solidity/bmc/package.json
+++ b/solidity/bmc/package.json
@@ -3,7 +3,7 @@
     "version": "1.0.0",
     "license": "Apache-2.0",
     "dependencies": {
-        "@openzeppelin/contracts-upgradeable": "^4.7.3",
+        "@openzeppelin/contracts-upgradeable": "^4.8.3",
         "@openzeppelin/truffle-upgrades": "^1.15.0",
         "@truffle/hdwallet-provider": "^2.0.12",
         "dotenv": "^16.0.0"
diff --git a/solidity/bmc/yarn.lock b/solidity/bmc/yarn.lock
index 589d72575..19f39e092 100644
--- a/solidity/bmc/yarn.lock
+++ b/solidity/bmc/yarn.lock
@@ -928,10 +928,10 @@
     "@nodelib/fs.scandir" "2.1.5"
     fastq "^1.6.0"
 
-"@openzeppelin/contracts-upgradeable@^4.7.3":
-  version "4.7.3"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.3.tgz#f1d606e2827d409053f3e908ba4eb8adb1dd6995"
-  integrity sha512-+wuegAMaLcZnLCJIvrVUDzA9z/Wp93f0Dla/4jJvIhijRrPabjQbZe6fWiECLaJyfn5ci9fqf9vTw3xpQOad2A==
+"@openzeppelin/contracts-upgradeable@^4.8.3":
+  version "4.8.3"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.8.3.tgz#6b076a7b751811b90fe3a172a7faeaa603e13a3f"
+  integrity sha512-SXDRl7HKpl2WDoJpn7CK/M9U4Z8gNXDHHChAKh0Iz+Wew3wu6CmFYBeie3je8V0GSXZAIYYwUktSrnW/kwVPtg==
 
 "@openzeppelin/truffle-upgrades@^1.15.0":
   version "1.16.0"