diff --git a/package.json b/package.json
index 8fc0cbebb5..85c8d49ae9 100644
--- a/package.json
+++ b/package.json
@@ -87,7 +87,7 @@
     "@material-ui/core": "^4.12.3",
     "@material-ui/icons": "^4.11.0",
     "@material-ui/lab": "4.0.0-alpha.60",
-    "@openzeppelin/contracts": "4.7.3",
+    "@openzeppelin/contracts": "4.9.3",
     "@sentry/react": "^6.10.0",
     "@sentry/tracing": "^6.10.0",
     "@truffle/hdwallet-provider": "^2.0.8",
diff --git a/yarn.lock b/yarn.lock
index 62c2949f36..27931c0440 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2841,10 +2841,10 @@
     mkdirp "^1.0.4"
     rimraf "^3.0.2"
 
-"@openzeppelin/contracts@4.7.3":
-  version "4.7.3"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.7.3.tgz#939534757a81f8d69cc854c7692805684ff3111e"
-  integrity sha512-dGRS0agJzu8ybo44pCIf3xBaPQN/65AIXNgK8+4gzKd5kbvlqyxryUYVLJv7fK98Seyd2hDZzVEHSWAh0Bt1Yw==
+"@openzeppelin/contracts@4.9.3":
+  version "4.9.3"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.9.3.tgz#00d7a8cf35a475b160b3f0293a6403c511099364"
+  integrity sha512-He3LieZ1pP2TNt5JbkPA4PNT9WC3gOTOlDcFGJW4Le4QKqwmiNJCRt44APfxMxvq7OugU/cqYuPcSBzOw38DAg==
 
 "@pmmmwh/react-refresh-webpack-plugin@0.4.3":
   version "0.4.3"