diff --git a/CHANGELOG.md b/CHANGELOG.md
index cf42563..4e61089 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## 0.26.1
+
+**Release date:** 2022-10-21
+
+This prerelease comes with dependency updates, including the fix for the upstream
+vulnerability CVE-2022-32149.
+
+In addition, the controller dependencies have been updated to Kubernetes v1.25.3.
+
+Improvements:
+- Update dependencies
+  [#448](https://github.com/fluxcd/image-automation-controller/pull/448)
+
 ## 0.26.0
 
 **Release date:** 2022-09-29
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index e0e8c98..bc0f00d 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ resources:
 images:
 - name: fluxcd/image-automation-controller
   newName: fluxcd/image-automation-controller
-  newTag: v0.26.0
+  newTag: v0.26.1
diff --git a/go.mod b/go.mod
index 1f05610..f595764 100644
--- a/go.mod
+++ b/go.mod
@@ -17,7 +17,7 @@ require (
 	github.com/Masterminds/sprig/v3 v3.2.2
 	github.com/ProtonMail/go-crypto v0.0.0-20220930113650-c6815a8c17ad
 	github.com/cyphar/filepath-securejoin v0.2.3
-	github.com/fluxcd/image-automation-controller/api v0.26.0
+	github.com/fluxcd/image-automation-controller/api v0.26.1
 	github.com/fluxcd/image-reflector-controller/api v0.22.1
 	github.com/fluxcd/pkg/apis/acl v0.1.0
 	github.com/fluxcd/pkg/apis/meta v0.17.0