diff --git a/VERSION b/VERSION
index cc904638af8..4367f900087 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v1.2.2
+v1.2.3
diff --git a/release-notes/current.yaml b/release-notes/current.yaml
index 58ffa73ccb0..d1c6dd95c06 100644
--- a/release-notes/current.yaml
+++ b/release-notes/current.yaml
@@ -17,7 +17,6 @@ new features: |
 
 # Fixes for bugs identified in previous versions.
 bug fixes: |
-  Disabled the retry policy for the JWT provider to reduce requests sent to the JWKS endpoint. Failed async fetches will retry every 1s.
 
 # Enhancements that improve performance.
 performance improvements: |
diff --git a/release-notes/v1.2.3.yaml b/release-notes/v1.2.3.yaml
new file mode 100644
index 00000000000..1fbe762596c
--- /dev/null
+++ b/release-notes/v1.2.3.yaml
@@ -0,0 +1,5 @@
+date: November 30, 2024
+
+bug fixes: |
+  Disabled the retry policy for the JWT provider to reduce requests sent to the JWKS endpoint. Failed async fetches will retry every 1s.
+  Used a waitGroup instead of an enabled channel in the status updater.
diff --git a/site/content/en/news/releases/notes/v1.2.3.md b/site/content/en/news/releases/notes/v1.2.3.md
new file mode 100644
index 00000000000..94e09abdc7e
--- /dev/null
+++ b/site/content/en/news/releases/notes/v1.2.3.md
@@ -0,0 +1,10 @@
+---
+title: "v1.2.3"
+publishdate: 2024-11-30
+---
+
+Date: November 30, 2024
+
+## Bug fixes
+- Disabled the retry policy for the JWT provider to reduce requests sent to the JWKS endpoint. Failed async fetches will retry every 1s.
+- Used a waitGroup instead of an enabled channel in the status updater.
diff --git a/site/layouts/shortcodes/helm-version.html b/site/layouts/shortcodes/helm-version.html
index 9ba708d50fc..b21ca9586b8 100644
--- a/site/layouts/shortcodes/helm-version.html
+++ b/site/layouts/shortcodes/helm-version.html
@@ -6,8 +6,8 @@
 {{- "v1.1.4" -}}
 {{- end -}}
 {{- with (strings.HasPrefix $pagePrefix "v1.2") -}}
-{{- "v1.2.2" -}}
+{{- "v1.2.3" -}}
 {{- end -}}
 {{- with (strings.HasPrefix $pagePrefix "doc") -}}
-{{- "v1.2.2" -}}
+{{- "v1.2.3" -}}
 {{- end -}}
diff --git a/site/layouts/shortcodes/yaml-version.html b/site/layouts/shortcodes/yaml-version.html
index 1c46423c3e0..d68a435454c 100644
--- a/site/layouts/shortcodes/yaml-version.html
+++ b/site/layouts/shortcodes/yaml-version.html
@@ -6,8 +6,8 @@
 {{- "v1.1.4" -}}
 {{- end -}}
 {{- with (strings.HasPrefix $pagePrefix "v1.2") -}}
-{{- "v1.2.2" -}}
+{{- "v1.2.3" -}}
 {{- end -}}
 {{- with (strings.HasPrefix $pagePrefix "doc") -}}
-{{- "v1.2.2" -}}
+{{- "v1.2.3" -}}
 {{- end -}}