diff --git a/CHANGELOG.md b/CHANGELOG.md
index 69d9c331..038ea035 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Okta Python SDK Changelog
 
+# 3.4.2
+
+## Security
+* Resolved Dependabot security alerts by upgrading runtime dependencies to their latest secure versions: `aenum` 3.1.16, `aiohttp` 3.13.4, `pydash` 8.0.6, `PyJWT` 2.12.0, `PyYAML` 6.0.3, `requests` 2.33.0, and `xmltodict` 1.0.2. ([#525](https://github.com/okta/okta-sdk-python/pull/525))
+* Upgraded `pytest` to 9.0.3 and `pytest-asyncio` to 1.3.0 to address security and vulnerability concerns. ([#527](https://github.com/okta/okta-sdk-python/pull/527))
+
+## Changed
+* Bumped development and testing dependencies: `flake8` 7.3.0, `pyfakefs` 5.10.2, `pytest-mock` 3.15.1, `pytest-recording` 0.13.4, `tox` 4.30.3, and `twine` 6.2.0. ([#525](https://github.com/okta/okta-sdk-python/pull/525))
+* Upgraded GitHub Actions to current major releases: `actions/checkout` v6 and `actions/setup-python` v6 to resolve Node.js runtime deprecation warnings. ([#525](https://github.com/okta/okta-sdk-python/pull/525))
+* Updated OpenAPI Generator mustache templates (`requirements.mustache`, `setup.mustache`, `pyproject.mustache`, `test-requirements.mustache`) to reflect the new dependency versions for consistent future code generation. ([#525](https://github.com/okta/okta-sdk-python/pull/525))
+
 # 3.4.1
 
 ## Fixed
diff --git a/okta/__init__.py b/okta/__init__.py
index 173c0d65..55577ec1 100644
--- a/okta/__init__.py
+++ b/okta/__init__.py
@@ -21,7 +21,7 @@
 """  # noqa: E501
 
 
-__version__ = "3.4.1"
+__version__ = "3.4.2"
 
 import importlib as _importlib
 import threading as _threading
diff --git a/openapi/config.yaml b/openapi/config.yaml
index bbaae2d1..36974bd6 100644
--- a/openapi/config.yaml
+++ b/openapi/config.yaml
@@ -1,7 +1,7 @@
 templateDir: ./templates
 outputDir: ..
 packageName: okta
-packageVersion: 3.4.1
+packageVersion: 3.4.2
 useOneOfDiscriminatorLookup: true
 files:
   okta/okta_configuration.mustache:
diff --git a/openapi/templates/setup.mustache b/openapi/templates/setup.mustache
index d97861ba..bfcf1272 100644
--- a/openapi/templates/setup.mustache
+++ b/openapi/templates/setup.mustache
@@ -70,7 +70,7 @@ setup(
         "Topic :: Software Development :: Libraries :: Python Modules",
     ],
     name=NAME,
-    version="3.4.1",
+    version="3.4.2",
     description="Python SDK for the Okta Management API",
     author="Okta, Inc.",
     author_email="developer-community-products@okta.com",
diff --git a/pyproject.toml b/pyproject.toml
index aaf4828c..c0337025 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "okta"
-version = "3.4.1"
+version = "3.4.2"
 description = "Okta Admin Management"
 authors = ["Okta Developer Team <devex-public@okta.com>"]
 license = "Apache-2.0"
diff --git a/setup.py b/setup.py
index d97861ba..bfcf1272 100644
--- a/setup.py
+++ b/setup.py
@@ -70,7 +70,7 @@ def get_version():
         "Topic :: Software Development :: Libraries :: Python Modules",
     ],
     name=NAME,
-    version="3.4.1",
+    version="3.4.2",
     description="Python SDK for the Okta Management API",
     author="Okta, Inc.",
     author_email="developer-community-products@okta.com",