diff --git a/package/python-pyjwt/python-pyjwt.hash b/package/python-pyjwt/python-pyjwt.hash
index 5128285fec..92de436de8 100644
--- a/package/python-pyjwt/python-pyjwt.hash
+++ b/package/python-pyjwt/python-pyjwt.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/pyjwt/json
-md5  f3273aaf736c24795e78ac48adbab111  pyjwt-2.10.1.tar.gz
-sha256  3cc5772eb20009233caf06e9d8a0577824723b44e6648ee0a2aedb6cf9381953  pyjwt-2.10.1.tar.gz
+md5  12623a5898f60c4c86ad4ad8d92da216  pyjwt-2.12.1.tar.gz
+sha256  c74a7a2adf861c04d002db713dd85f84beb242228e671280bf709d765b03672b  pyjwt-2.12.1.tar.gz
 # Locally computed sha256 checksums
 sha256  797a7a20231d4c433e9f1911db1731d06b5828b98f499819a034f7c0f56f5ce5  LICENSE
diff --git a/package/python-pyjwt/python-pyjwt.mk b/package/python-pyjwt/python-pyjwt.mk
index 18e84b7838..268d83a487 100644
--- a/package/python-pyjwt/python-pyjwt.mk
+++ b/package/python-pyjwt/python-pyjwt.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYJWT_VERSION = 2.10.1
+PYTHON_PYJWT_VERSION = 2.12.1
 PYTHON_PYJWT_SOURCE = pyjwt-$(PYTHON_PYJWT_VERSION).tar.gz
-PYTHON_PYJWT_SITE = https://files.pythonhosted.org/packages/e7/46/bd74733ff231675599650d3e47f361794b22ef3e3770998dda30d3b63726
+PYTHON_PYJWT_SITE = https://files.pythonhosted.org/packages/c2/27/a3b6e5bf6ff856d2509292e95c8f57f0df7017cf5394921fc4e4ef40308a
 PYTHON_PYJWT_SETUP_TYPE = setuptools
 PYTHON_PYJWT_LICENSE = MIT
 PYTHON_PYJWT_LICENSE_FILES = LICENSE