diff --git a/CHANGELOG.md b/CHANGELOG.md
index f67c7f97..e8a0c939 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,20 @@
 # Changelog
 
+## 0.27.2
+
+**Release date:** 2023-05-12
+
+This prerelease comes with updates to the controller dependencies
+to patch CVE-2023-2253.
+
+In addition, the controller base image has been updated to Alpine 3.18.
+
+Improvements:
+- Update Alpine to 3.18
+  [#374](https://github.com/fluxcd/image-reflector-controller/pull/374)
+- Bump github.com/docker/distribution from 2.8.1+incompatible to 2.8.2+incompatible
+  [#376](https://github.com/fluxcd/image-reflector-controller/pull/376)
+
 ## 0.27.1
 
 **Release date:** 2023-05-09
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index e479bf5f..9c341b6c 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ resources:
 images:
   - name: fluxcd/image-reflector-controller
     newName: fluxcd/image-reflector-controller
-    newTag: v0.27.1
+    newTag: v0.27.2
diff --git a/go.mod b/go.mod
index b89a9593..3b41e90d 100644
--- a/go.mod
+++ b/go.mod
@@ -8,7 +8,7 @@ require (
 	github.com/AdaLogics/go-fuzz-headers v0.0.0-20230106234847-43070de90fa1
 	github.com/Masterminds/semver/v3 v3.2.1
 	github.com/dgraph-io/badger/v3 v3.2103.5
-	github.com/fluxcd/image-reflector-controller/api v0.27.1
+	github.com/fluxcd/image-reflector-controller/api v0.27.2
 	github.com/fluxcd/pkg/apis/acl v0.1.0
 	github.com/fluxcd/pkg/apis/event v0.4.1
 	github.com/fluxcd/pkg/apis/meta v1.0.0