diff --git a/pkgs/development/python-modules/snowflake-connector-python/default.nix b/pkgs/development/python-modules/snowflake-connector-python/default.nix
index 0dd9835e617b..f20779b9b6d4 100644
--- a/pkgs/development/python-modules/snowflake-connector-python/default.nix
+++ b/pkgs/development/python-modules/snowflake-connector-python/default.nix
@@ -30,7 +30,7 @@
 
 buildPythonPackage rec {
   pname = "snowflake-connector-python";
-  version = "3.12.2";
+  version = "3.12.3";
   pyproject = true;
 
   disabled = pythonOlder "3.8";
@@ -39,7 +39,7 @@ buildPythonPackage rec {
     owner = "snowflakedb";
     repo = "snowflake-connector-python";
     rev = "refs/tags/v${version}";
-    hash = "sha256-A6QnKCROd1vJpFCTrLEoHVo43xojdjpgYS3qQm64gcY=";
+    hash = "sha256-Rv4/zGoSBA3Pdu67d96sgZLgZae6yfpLsJzwsm2A690=";
   };
 
   build-system = [