diff --git a/exporter/signalfxexporter/go.mod b/exporter/signalfxexporter/go.mod
index f92cd8e4625d..36876ff35da4 100644
--- a/exporter/signalfxexporter/go.mod
+++ b/exporter/signalfxexporter/go.mod
@@ -3,7 +3,7 @@ module github.com/open-telemetry/opentelemetry-collector-contrib/exporter/signal
 go 1.19
 
 require (
-	github.com/cenkalti/backoff/v4 v4.2.1
+	github.com/cenkalti/backoff/v4 v4.3.0
 	github.com/gobwas/glob v0.2.3
 	github.com/gogo/protobuf v1.3.2
 	github.com/open-telemetry/opentelemetry-collector-contrib/internal/common v0.80.0
diff --git a/exporter/signalfxexporter/go.sum b/exporter/signalfxexporter/go.sum
index 5fa3674e7b8e..4ffa3c31b402 100644
--- a/exporter/signalfxexporter/go.sum
+++ b/exporter/signalfxexporter/go.sum
@@ -778,8 +778,9 @@ github.com/cenkalti/backoff/v4 v4.1.1/go.mod h1:scbssz8iZGpm3xbr14ovlUdkxfGXNInq
 github.com/cenkalti/backoff/v4 v4.1.2/go.mod h1:scbssz8iZGpm3xbr14ovlUdkxfGXNInqkPWOWmG2CLw=
 github.com/cenkalti/backoff/v4 v4.1.3/go.mod h1:scbssz8iZGpm3xbr14ovlUdkxfGXNInqkPWOWmG2CLw=
 github.com/cenkalti/backoff/v4 v4.2.0/go.mod h1:Y3VNntkOUPxTVeUxJ/G5vcM//AlwfmyYozVcomhLiZE=
-github.com/cenkalti/backoff/v4 v4.2.1 h1:y4OZtCnogmCPw98Zjyt5a6+QwPLGkiQsYW5oUqylYbM=
 github.com/cenkalti/backoff/v4 v4.2.1/go.mod h1:Y3VNntkOUPxTVeUxJ/G5vcM//AlwfmyYozVcomhLiZE=
+github.com/cenkalti/backoff/v4 v4.3.0 h1:MyRJ/UdXutAwSAT+s3wNd7MfTIcy71VQueUuFK343L8=
+github.com/cenkalti/backoff/v4 v4.3.0/go.mod h1:Y3VNntkOUPxTVeUxJ/G5vcM//AlwfmyYozVcomhLiZE=
 github.com/census-instrumentation/opencensus-proto v0.2.1/go.mod h1:f6KPmirojxKA12rnyqOA5BBL4O983OfeGPqjHWSTneU=
 github.com/census-instrumentation/opencensus-proto v0.3.0/go.mod h1:f6KPmirojxKA12rnyqOA5BBL4O983OfeGPqjHWSTneU=
 github.com/census-instrumentation/opencensus-proto v0.4.1/go.mod h1:4T9NM4+4Vw91VeyqjLS6ao50K5bOcLKN6Q42XnYaRYw=