diff --git a/pkg/k8s/apis/cilium.io/v1alpha1/version.go b/pkg/k8s/apis/cilium.io/v1alpha1/version.go
index dc8b58a087f..0f2a4026011 100644
--- a/pkg/k8s/apis/cilium.io/v1alpha1/version.go
+++ b/pkg/k8s/apis/cilium.io/v1alpha1/version.go
@@ -7,4 +7,4 @@ package v1alpha1
 // Used to determine if CRD needs to be updated in cluster
 //
 // Developers: Bump patch for each change in the CRD schema.
-const CustomResourceDefinitionSchemaVersion = "1.1.10"
+const CustomResourceDefinitionSchemaVersion = "1.2.0"
diff --git a/vendor/github.com/cilium/tetragon/pkg/k8s/apis/cilium.io/v1alpha1/version.go b/vendor/github.com/cilium/tetragon/pkg/k8s/apis/cilium.io/v1alpha1/version.go
index dc8b58a087f..0f2a4026011 100644
--- a/vendor/github.com/cilium/tetragon/pkg/k8s/apis/cilium.io/v1alpha1/version.go
+++ b/vendor/github.com/cilium/tetragon/pkg/k8s/apis/cilium.io/v1alpha1/version.go
@@ -7,4 +7,4 @@ package v1alpha1
 // Used to determine if CRD needs to be updated in cluster
 //
 // Developers: Bump patch for each change in the CRD schema.
-const CustomResourceDefinitionSchemaVersion = "1.1.10"
+const CustomResourceDefinitionSchemaVersion = "1.2.0"