diff --git a/requirements.txt b/requirements.txt
index 6a6a60a..029f8e4 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -21,7 +21,7 @@ msgpack==1.0.5
 mypy-extensions==1.0.0
 nose2==0.13.0
 packaging==23.1
-pathspec==0.11.1
+pathspec==0.12.1
 pkginfo==1.9.6
 platformdirs==3.10.0
 py-algorand-sdk==2.3.0