diff --git a/requirements.txt b/requirements.txt
index 5062161..0feb606 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -46,7 +46,7 @@ pyasn1==0.4.5
 pyasn1-modules==0.2.3
 pycparser==2.19
 PyInstaller==3.3
-PyJWT==1.7.1
+PyJWT==2.4.0
 pytest==4.1.0
 python-dateutil==2.7.5
 PyYAML==3.13
diff --git a/setup.py b/setup.py
index 9fdacea..95cfa70 100644
--- a/setup.py
+++ b/setup.py
@@ -63,7 +63,7 @@
         'pyasn1-modules==0.2.3',
         'pycparser==2.19',
         'PyInstaller==3.3',
-        'PyJWT==1.7.1',
+        'PyJWT==2.4.0',
         'pytest==4.1.0',
         'python-dateutil==2.7.5',
         'PyYAML==3.13',