diff --git a/rabbitmq-components.mk b/rabbitmq-components.mk
index 1d0594de827c..0319eabc8477 100644
--- a/rabbitmq-components.mk
+++ b/rabbitmq-components.mk
@@ -42,7 +42,7 @@ endif
 dep_accept = hex 0.3.5
 dep_cowboy = hex 2.12.0
 dep_cowlib = hex 2.13.0
-dep_credentials_obfuscation = hex 3.4.0
+dep_credentials_obfuscation = hex 3.5.0
 dep_cuttlefish = hex 3.4.0
 dep_gen_batch_server = hex 0.8.8
 dep_jose = hex 1.11.10