diff --git a/ShortGuid.Tests/ShortGuid.Tests.csproj b/ShortGuid.Tests/ShortGuid.Tests.csproj
index 0a5cfa0..1a5d704 100644
--- a/ShortGuid.Tests/ShortGuid.Tests.csproj
+++ b/ShortGuid.Tests/ShortGuid.Tests.csproj
@@ -8,7 +8,7 @@
     <PackageReference Include="Microsoft.VisualStudio.QualityTools.UnitTestFramework" Version="11.0.50727.1" />
     <PackageReference Include="MSTest.TestAdapter" Version="2.0.0" />
     <PackageReference Include="MSTest.TestFramework" Version="2.0.0" />
-    <PackageReference Include="Newtonsoft.Json" Version="12.0.2" />
+    <PackageReference Include="Newtonsoft.Json" Version="12.0.3" />
     <PackageReference Include="System.Runtime.Caching" Version="4.5.0" />
   </ItemGroup>
   <ItemGroup>
diff --git a/ShortGuid.Tests/packages.config b/ShortGuid.Tests/packages.config
index 5d7f695..6e11464 100644
--- a/ShortGuid.Tests/packages.config
+++ b/ShortGuid.Tests/packages.config
@@ -2,5 +2,5 @@
 <packages>
   <package id="MSTest.TestAdapter" version="2.0.0" targetFramework="net452" />
   <package id="MSTest.TestFramework" version="2.0.0" targetFramework="net452" />
-  <package id="Newtonsoft.Json" version="12.0.2" targetFramework="net452" />
+  <package id="Newtonsoft.Json" version="12.0.3" targetFramework="net452" />
 </packages>
\ No newline at end of file
diff --git a/ShortGuid/ShortGuid.csproj b/ShortGuid/ShortGuid.csproj
index ca17f77..dc6d24f 100644
--- a/ShortGuid/ShortGuid.csproj
+++ b/ShortGuid/ShortGuid.csproj
@@ -13,7 +13,7 @@
     <RepositoryUrl>https://github.com/joskraps/short-guid</RepositoryUrl>
   </PropertyGroup>
   <ItemGroup>
-    <PackageReference Include="Newtonsoft.Json" Version="12.0.2" />
+    <PackageReference Include="Newtonsoft.Json" Version="12.0.3" />
     <PackageReference Include="System.Runtime.Caching" Version="4.5.0" />
   </ItemGroup>
   <ItemGroup>
diff --git a/ShortGuid/packages.config b/ShortGuid/packages.config
index ffcb915..a2e10e4 100644
--- a/ShortGuid/packages.config
+++ b/ShortGuid/packages.config
@@ -1,5 +1,5 @@
 <?xml version="1.0" encoding="utf-8"?>
 
 <packages>
-  <package id="Newtonsoft.Json" version="12.0.2" targetFramework="net452" />
+  <package id="Newtonsoft.Json" version="12.0.3" targetFramework="net452" />
 </packages>
\ No newline at end of file