diff --git a/Makefile b/Makefile
index c59d9cc4f..ca77ca6df 100644
--- a/Makefile
+++ b/Makefile
@@ -105,7 +105,7 @@ KIND ?= $(LOCALBIN)/kind
 
 ## Tool Versions
 CONTROLLER_TOOLS_VERSION ?= v0.17.0
-YQ_VERSION ?= v4.28.1
+YQ_VERSION ?= v4.45.1
 
 # Not guaranteed to have patch releases available and node image tags are full versions (i.e v1.28.0 - no v1.28, v1.29, etc.)
 # The KIND_NODE_VERSION is set by getting the version of the k8s.io/client-go dependency from the go.mod