diff --git a/go.mod b/go.mod
index ed588f8..a00c0e0 100644
--- a/go.mod
+++ b/go.mod
@@ -110,7 +110,7 @@ require (
 	go.uber.org/atomic v1.9.0 // indirect
 	go.uber.org/multierr v1.7.0 // indirect
 	go.uber.org/zap v1.21.0 // indirect
-	golang.org/x/crypto v0.22.0 // indirect
+	golang.org/x/crypto v0.31.0 // indirect
 	golang.org/x/mod v0.17.0 // indirect
 	golang.org/x/net v0.24.0 // indirect
 	golang.org/x/sync v0.7.0 // indirect
diff --git a/go.sum b/go.sum
index f3c974d..7bb7fc7 100644
--- a/go.sum
+++ b/go.sum
@@ -764,6 +764,8 @@ golang.org/x/crypto v0.0.0-20210220033148-5ea612d1eb83/go.mod h1:jdWPYTVW3xRLrWP
 golang.org/x/crypto v0.0.0-20210506145944-38f3c27a63bf/go.mod h1:P+XmwS30IXTQdn5tA2iutPOUgjI07+tq3H3K9MVA1s8=
 golang.org/x/crypto v0.22.0 h1:g1v0xeRhjcugydODzvb3mEM9SQ0HGp9s/nh3COQ/C30=
 golang.org/x/crypto v0.22.0/go.mod h1:vr6Su+7cTlO45qkww3VDJlzDn0ctJvRgYbC2NvXHt+M=
+golang.org/x/crypto v0.31.0 h1:ihbySMvVjLAeSH1IbfcRTkD/iNscyz8rGzjF/E5hV6U=
+golang.org/x/crypto v0.31.0/go.mod h1:kDsLvtWBEx7MV9tJOj9bnXsPbxwJQ6csT/x4KIN4Ssk=
 golang.org/x/exp v0.0.0-20180321215751-8460e604b9de/go.mod h1:CJ0aWSM057203Lf6IL+f9T1iT9GByDxfZKAQTCR3kQA=
 golang.org/x/exp v0.0.0-20180807140117-3d87b88a115f/go.mod h1:CJ0aWSM057203Lf6IL+f9T1iT9GByDxfZKAQTCR3kQA=
 golang.org/x/exp v0.0.0-20190121172915-509febef88a4/go.mod h1:CJ0aWSM057203Lf6IL+f9T1iT9GByDxfZKAQTCR3kQA=
diff --git a/internal/utils/utils.go b/internal/utils/utils.go
index 5c8db70..70e6f5a 100644
--- a/internal/utils/utils.go
+++ b/internal/utils/utils.go
@@ -32,9 +32,9 @@ const (
 	// BspAgentVersionMajor is Major version component of the current release
 	BspAgentVersionMajor = 1
 	// BspAgentVersionMinor is Minor version component of the current release
-	BspAgentVersionMinor = 7
+	BspAgentVersionMinor = 8
 	// BspAgentVersionPatch is Patch version component of the current release
-	BspAgentVersionPatch = 5
+	BspAgentVersionPatch = 0
 )
 
 // BspAgentVersion holds the textual version string.