diff --git a/eng/common/testproxy/docker-start-proxy.ps1 b/eng/common/testproxy/docker-start-proxy.ps1
index dbd087bce9..6e226f9766 100644
--- a/eng/common/testproxy/docker-start-proxy.ps1
+++ b/eng/common/testproxy/docker-start-proxy.ps1
@@ -31,7 +31,7 @@ catch {
     Write-Error "Please check your docker invocation and try running the script again."
 }
 
-$SELECTED_IMAGE_TAG = "1147815"
+$SELECTED_IMAGE_TAG = "1203416"
 $CONTAINER_NAME = "ambitious_azsdk_test_proxy"
 $LINUX_IMAGE_SOURCE = "azsdkengsys.azurecr.io/engsys/testproxy-lin:${SELECTED_IMAGE_TAG}"
 $WINDOWS_IMAGE_SOURCE = "azsdkengsys.azurecr.io/engsys/testproxy-win:${SELECTED_IMAGE_TAG}"
diff --git a/eng/common/testproxy/test-proxy-tool.yml b/eng/common/testproxy/test-proxy-tool.yml
index 6ad7eb897e..c379a1e0cd 100644
--- a/eng/common/testproxy/test-proxy-tool.yml
+++ b/eng/common/testproxy/test-proxy-tool.yml
@@ -16,7 +16,7 @@ steps:
       dotnet tool install azure.sdk.tools.testproxy `
         --tool-path $(Build.BinariesDirectory)/test-proxy `
         --add-source https://pkgs.dev.azure.com/azure-sdk/public/_packaging/azure-sdk-for-net/nuget/v3/index.json `
-        --version 1.0.0-dev.20211104.2
+        --version 1.0.0-dev.20211118.3
     displayName: "Install test-proxy"
 
   - pwsh: |