diff --git a/charts/stable/memcached/Chart.yaml b/charts/stable/memcached/Chart.yaml
index 9d269317ad9..316a082e9d7 100644
--- a/charts/stable/memcached/Chart.yaml
+++ b/charts/stable/memcached/Chart.yaml
@@ -37,5 +37,5 @@ sources:
   - https://github.com/trueforge-org/truecharts/tree/master/charts/stable/memcached
   - https://hub.docker.com/r/bitnamisecure/memcached
 type: application
-version: 17.3.0
+version: 17.3.1
 
diff --git a/charts/stable/memcached/values.yaml b/charts/stable/memcached/values.yaml
index a5ec1d87009..1e6e33842ba 100644
--- a/charts/stable/memcached/values.yaml
+++ b/charts/stable/memcached/values.yaml
@@ -2,7 +2,7 @@
 image:
   repository: docker.io/bitnamisecure/memcached
   pullPolicy: IfNotPresent
-  tag: latest@sha256:f9a33838952d7b86d1db9729604edba992025b7499deca0e6abe8ff2b01eaa1a
+  tag: latest@sha256:103b56de2b93594dc95ba65ae7b9cb9725f65113f897fb04b2dbd48c82540580
 
 service:
   main: