diff --git a/_service b/_service
index d479e19..80cd5af 100644
--- a/_service
+++ b/_service
@@ -5,7 +5,7 @@
     <param name="exclude">.git</param>
     <param name="versionformat">@PARENT_TAG@</param>
     <param name="versionrewrite-pattern">v(.*)</param>
-    <param name="revision">v1.12.2</param>
+    <param name="revision">v1.12.3</param>
     <param name="changesgenerate">enable</param>
   </service>
   <service name="recompress" mode="manual">
diff --git a/_servicedata b/_servicedata
index 4b6b134..ab7d114 100644
--- a/_servicedata
+++ b/_servicedata
@@ -1,4 +1,4 @@
 <servicedata>
 <service name="tar_scm">
                 <param name="url">https://github.com/vmware-tanzu/velero</param>
-              <param name="changesrevision">06d12dec4030703cb46b2699ca434cdabd9edbb0</param></service></servicedata>
\ No newline at end of file
+              <param name="changesrevision">684f71306e9c2fda204a16cb012dc209523cfae1</param></service></servicedata>
\ No newline at end of file
diff --git a/velero-1.12.2.tar.gz b/velero-1.12.2.tar.gz
deleted file mode 100644
index e691d95..0000000
--- a/velero-1.12.2.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:c79524f9f0c7fc4f6b70a0d001e6f31b9b5227577e65edeb2a1e581df262938c
-size 29731301
diff --git a/velero-1.12.3.tar.gz b/velero-1.12.3.tar.gz
new file mode 100644
index 0000000..a45cef9
--- /dev/null
+++ b/velero-1.12.3.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:801a4fba67f708b05d1240f836d39290312d7b741dd65925233acd6b5fd37ce5
+size 29737415
diff --git a/velero.changes b/velero.changes
index ec09c75..f363b59 100644
--- a/velero.changes
+++ b/velero.changes
@@ -1,3 +1,21 @@
+-------------------------------------------------------------------
+Mon Jan 15 20:25:52 UTC 2024 - opensuse_buildservice@ojkastl.de
+
+- Update to version 1.12.3:
+  * Modify changelog for v1.12.3
+  * Add v1.12.3 changelog
+  * isue 6928: remove snapshot deletion timeout for PVB
+  * Fix intermediate pv delete for data mover
+  * Node agent restart enhancement
+  * Don't fail backup/restore on velero server restart in
+    PhaseWaitingForPluginOperation
+  * Issue 7244: delete incomplete snapshot automatically for kopia
+    uploader
+    uploader
+  * Fix issue #7163.
+  * issue 7189: generic restore - don't assume the first volume as
+    the restore volume
+
 -------------------------------------------------------------------
 Mon Nov 27 05:39:11 UTC 2023 - kastl@b1-systems.de
 
@@ -294,7 +312,7 @@ Tue Nov  8 14:13:25 UTC 2022 - Andrea Manzini <andrea.manzini@suse.com>
   * Skip registering "crd-remap-version" plugin when feature flag "EnableAPIGroupVersions" is set
   * Refactored the controllers using Kubebuilder v3
   * Optionally restore status on selected resources
-    The restoreStatus option has been added to the CLI and Restore spec to enable 
+    The restoreStatus option has been added to the CLI and Restore spec to enable
     you to control the group of resources whose status will be restored.
   * ExistingResourcePolicy in the restore API
   * Upgrade integrated Restic version and add skip TLS validation in Restic command
@@ -665,7 +683,7 @@ Wed Feb 16 07:55:52 UTC 2022 - jenting.hsiao@suse.com
 -------------------------------------------------------------------
 Thu Jan 27 22:48:11 UTC 2022 - Robert Munteanu <rombert@apache.org>
 
-- Added completion packages 
+- Added completion packages
 
 -------------------------------------------------------------------
 Fri Dec 10 02:04:03 UTC 2021 - jenting.hsiao@suse.com
@@ -1141,7 +1159,7 @@ Tue Mar 24 05:55:22 UTC 2020 - jenting hsiao <jenting.hsiao@suse.com>
 -------------------------------------------------------------------
 Wed Mar 11 02:46:41 UTC 2020 - Clark Hsu <clark.hsu@suse.com>
 
-- Bump version 1.3.1 
+- Bump version 1.3.1
 
 -------------------------------------------------------------------
 Mon Mar  2 23:33:08 UTC 2020 - jenting hsiao <jenting.hsiao@suse.com>
diff --git a/velero.spec b/velero.spec
index e4e3349..27f24bf 100644
--- a/velero.spec
+++ b/velero.spec
@@ -1,7 +1,7 @@
 #
 # spec file for package velero
 #
-# Copyright (c) 2023 SUSE LLC
+# Copyright (c) 2024 SUSE LLC
 #
 # All modifications and additions to the file contributed by third parties
 # remain the property of their copyright owners, unless otherwise agreed
@@ -17,7 +17,7 @@
 
 
 Name:           velero
-Version:        1.12.2
+Version:        1.12.3
 Release:        0
 Summary:        Backup program with deduplication and encryption
 License:        Apache-2.0
diff --git a/vendor.tar.gz b/vendor.tar.gz
index 0c1e245..2862ecd 100644
--- a/vendor.tar.gz
+++ b/vendor.tar.gz
@@ -1,3 +1,3 @@
 version https://git-lfs.github.com/spec/v1
-oid sha256:cb8ca749f1002eb9fa991b39bd09e877a41b8255b5ed0d67ac345d24021f0056
-size 13687739
+oid sha256:be294050742a4e5d9d72576c07f9a16defc764d677fb4591a63c0f62a820f4b7
+size 13687906