diff --git a/tools/props/Versions.props b/tools/props/Versions.props
index 022c9a4c7a..29d1201137 100644
--- a/tools/props/Versions.props
+++ b/tools/props/Versions.props
@@ -27,7 +27,7 @@
   </PropertyGroup>
   <!-- NetFx and NetCore project dependencies -->
   <PropertyGroup>
-    <AzureIdentityVersion>1.11.2</AzureIdentityVersion>
+    <AzureIdentityVersion>1.11.3</AzureIdentityVersion>
     <MicrosoftIdentityClientVersion>4.60.3</MicrosoftIdentityClientVersion>
     <MicrosoftIdentityModelProtocolsOpenIdConnectVersion>7.5.0</MicrosoftIdentityModelProtocolsOpenIdConnectVersion>
     <MicrosoftIdentityModelJsonWebTokensVersion>7.5.0</MicrosoftIdentityModelJsonWebTokensVersion>
diff --git a/tools/specs/Microsoft.Data.SqlClient.nuspec b/tools/specs/Microsoft.Data.SqlClient.nuspec
index b1666d4459..6bbc961ac7 100644
--- a/tools/specs/Microsoft.Data.SqlClient.nuspec
+++ b/tools/specs/Microsoft.Data.SqlClient.nuspec
@@ -29,7 +29,7 @@ When using NuGet 3.x this package requires at least version 3.4.</description>
     <dependencies>
       <group targetFramework="net462">
         <dependency id="Microsoft.Data.SqlClient.SNI" version="5.2.0" />
-        <dependency id="Azure.Identity" version="1.11.2" />
+        <dependency id="Azure.Identity" version="1.11.3" />
         <dependency id="Microsoft.Identity.Client" version="4.60.3" />
         <dependency id="Microsoft.IdentityModel.JsonWebTokens" version="7.5.0" />
         <dependency id="Microsoft.IdentityModel.Protocols.OpenIdConnect" version="7.5.0" />
@@ -40,7 +40,7 @@ When using NuGet 3.x this package requires at least version 3.4.</description>
       </group>
       <group targetFramework="net8.0">
         <dependency id="Microsoft.Data.SqlClient.SNI.runtime" version="5.2.0" exclude="Compile" />
-        <dependency id="Azure.Identity" version="1.11.2" />
+        <dependency id="Azure.Identity" version="1.11.3" />
         <dependency id="Microsoft.Identity.Client" version="4.60.3" exclude="Compile"/>
         <dependency id="Microsoft.IdentityModel.Protocols.OpenIdConnect" version="7.5.0" />
         <dependency id="Microsoft.IdentityModel.JsonWebTokens" version="7.5.0" />
@@ -50,7 +50,7 @@ When using NuGet 3.x this package requires at least version 3.4.</description>
       </group>
       <group targetFramework="net6.0">
         <dependency id="Microsoft.Data.SqlClient.SNI.runtime" version="5.2.0" exclude="Compile" />
-        <dependency id="Azure.Identity" version="1.11.2" />
+        <dependency id="Azure.Identity" version="1.11.3" />
         <dependency id="Microsoft.Identity.Client" version="4.60.3" exclude="Compile"/>
         <dependency id="Microsoft.IdentityModel.Protocols.OpenIdConnect" version="7.5.0" />
         <dependency id="Microsoft.IdentityModel.JsonWebTokens" version="7.5.0" />