diff --git a/pkgs/development/python-modules/paramiko/default.nix b/pkgs/development/python-modules/paramiko/default.nix
index 278bb0583e35..8cfd7bb12dd2 100644
--- a/pkgs/development/python-modules/paramiko/default.nix
+++ b/pkgs/development/python-modules/paramiko/default.nix
@@ -16,12 +16,12 @@
 
 buildPythonPackage rec {
   pname = "paramiko";
-  version = "3.3.1";
+  version = "3.4.0";
   format = "setuptools";
 
   src = fetchPypi {
     inherit pname version;
-    hash = "sha256-ajd3qWGshtvvN1xfW41QAUoaltD9fwVKQ7yIATSw/3c=";
+    hash = "sha256-qsCPJqMdxN/9koIVJ9FoLZnVL572hRloEUqHKPPCdNM=";
   };
 
   patches = [