diff --git a/charts/stable/cloudflared/Chart.yaml b/charts/stable/cloudflared/Chart.yaml
index 1fc3667c2be..5ea4472b1cb 100644
--- a/charts/stable/cloudflared/Chart.yaml
+++ b/charts/stable/cloudflared/Chart.yaml
@@ -6,7 +6,7 @@ annotations:
   truecharts.org/min_helm_version: "3.11"
   truecharts.org/train: stable
 apiVersion: v2
-appVersion: 2024.8.2
+appVersion: 2024.8.3
 dependencies:
   - name: common
     version: 24.1.5
@@ -32,4 +32,4 @@ sources:
   - https://github.com/truecharts/charts/tree/master/charts/stable/cloudflared
   - https://hub.docker.com/r/cloudflare/cloudflared
 type: application
-version: 12.3.0
+version: 12.3.1
diff --git a/charts/stable/cloudflared/values.yaml b/charts/stable/cloudflared/values.yaml
index 05b27bc2c99..e053ad491ff 100644
--- a/charts/stable/cloudflared/values.yaml
+++ b/charts/stable/cloudflared/values.yaml
@@ -1,7 +1,7 @@
 image:
   repository: cloudflare/cloudflared
   pullPolicy: IfNotPresent
-  tag: 2024.8.2@sha256:004f4b7b60bab652d478148c138843c24eae1feee4c58fddd435b9b79c953957
+  tag: 2024.8.3@sha256:14d9c6b01b29d556569446b0cc5c9162dc129a92ce127afe27c3aae4534f8af1
 workload:
   main:
     podSpec: