diff --git a/.changes/unreleased/Dependencies-20240320-111128.yaml b/.changes/unreleased/Dependencies-20240320-111128.yaml
new file mode 100644
index 000000000..41f1609e4
--- /dev/null
+++ b/.changes/unreleased/Dependencies-20240320-111128.yaml
@@ -0,0 +1,6 @@
+kind: Dependencies
+body: bump cryptography to 42.0.4 or higher for security callouts
+time: 2024-03-20T11:11:28.5121-05:00
+custom:
+  Author: McKnight-42
+  PR: "938"
diff --git a/dev-requirements.txt b/dev-requirements.txt
index 4a2e5b412..7ce23bbe6 100644
--- a/dev-requirements.txt
+++ b/dev-requirements.txt
@@ -8,7 +8,7 @@ git+https://github.com/dbt-labs/dbt-core.git@1.5.latest#egg=dbt-tests-adapter&su
 black~=23.1
 bumpversion~=0.6.0
 click~=8.1
-cryptography~=41.0.7
+cryptography~=42.0.4
 ddtrace~=1.16
 flake8~=6.0;python_version>="3.8"
 flaky~=3.7