diff --git a/CHANGELOG.md b/CHANGELOG.md
index bdc0ed5d29..00ecf2dff3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+# v1.16.1
+### Notable Changes
+* Security fixes
+
 # v1.16.0
 ### Notable Changes
 * Add support for JSON logging ([#1467](https://github.com/kubernetes-sigs/aws-ebs-csi-driver/pull/1467), [@torredil](https://github.com/torredil))
@@ -23,6 +27,10 @@
 * Use test driver image when testing upgrades with CT ([#1486](https://github.com/kubernetes-sigs/aws-ebs-csi-driver/pull/1486), [@torredil](https://github.com/torredil))
 * Disable buildx provenance ([#1491](https://github.com/kubernetes-sigs/aws-ebs-csi-driver/pull/1491), [@ConnorJC3](https://github.com/ConnorJC3))
 
+# v1.15.1
+### Notable Changes
+* Security fixes
+
 # v1.15.0
 ### Notable Changes
 * Support specifying block size for filesystem format ([#1452](https://github.com/kubernetes-sigs/aws-ebs-csi-driver/pull/1452), [@ConnorJC3](https://github.com/ConnorJC3))
diff --git a/Makefile b/Makefile
index 6e0cd2a691..08dfe625fb 100644
--- a/Makefile
+++ b/Makefile
@@ -12,7 +12,7 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-VERSION?=v1.16.0
+VERSION?=v1.16.1
 
 PKG=github.com/kubernetes-sigs/aws-ebs-csi-driver
 GIT_COMMIT?=$(shell git rev-parse HEAD)
diff --git a/README.md b/README.md
index 191ad29bc9..8207840583 100644
--- a/README.md
+++ b/README.md
@@ -20,13 +20,15 @@ The [Amazon Elastic Block Store](https://aws.amazon.com/ebs/) Container Storage
 
 | Driver Version | [registry.k8s.io](https://kubernetes.io/blog/2022/11/28/registry-k8s-io-faster-cheaper-ga/) Image | [ECR Public](https://gallery.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver) Image |
 |----------------|---------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|
-| v1.16.0        | registry.k8s.io/provider-aws/aws-ebs-csi-driver:v1.16.0                                           | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.16.0                      |
+| v1.16.1        | registry.k8s.io/provider-aws/aws-ebs-csi-driver:v1.16.1                                           | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.16.1                      |
 
 <details>
 <summary>Previous Images</summary>
 
 | Driver Version | [registry.k8s.io](https://kubernetes.io/blog/2022/11/28/registry-k8s-io-faster-cheaper-ga/) Image | [ECR Public](https://gallery.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver) Image |
 |----------------|---------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|
+| v1.16.0        | registry.k8s.io/provider-aws/aws-ebs-csi-driver:v1.16.0                                           | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.16.0                      |
+| v1.15.1        | registry.k8s.io/provider-aws/aws-ebs-csi-driver:v1.15.1                                           | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.15.1                      |
 | v1.15.0        | registry.k8s.io/provider-aws/aws-ebs-csi-driver:v1.15.0                                           | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.15.0                      |
 | v1.14.1        | registry.k8s.io/provider-aws/aws-ebs-csi-driver:v1.14.1                                           | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.14.1                      |
 | v1.14.0        | registry.k8s.io/provider-aws/aws-ebs-csi-driver:v1.14.0                                           | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.14.0                      |
diff --git a/charts/aws-ebs-csi-driver/CHANGELOG.md b/charts/aws-ebs-csi-driver/CHANGELOG.md
index 05ec03acc0..dcd3b8b2a7 100644
--- a/charts/aws-ebs-csi-driver/CHANGELOG.md
+++ b/charts/aws-ebs-csi-driver/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Helm chart
 
+## v2.17.1
+* Bump driver version to `v1.16.1`
+
 ## v2.17.0
 * Bump driver version to `v1.16.0`
 * Add support for JSON logging ([#1467](https://github.com/kubernetes-sigs/aws-ebs-csi-driver/pull/1467), [@torredil](https://github.com/torredil))
diff --git a/charts/aws-ebs-csi-driver/Chart.yaml b/charts/aws-ebs-csi-driver/Chart.yaml
index 30c3c9d4a5..b1e7828989 100644
--- a/charts/aws-ebs-csi-driver/Chart.yaml
+++ b/charts/aws-ebs-csi-driver/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v2
-appVersion: 1.16.0
+appVersion: 1.16.1
 name: aws-ebs-csi-driver
 description: A Helm chart for AWS EBS CSI Driver
-version: 2.17.0
+version: 2.17.1
 kubeVersion: ">=1.17.0-0"
 home: https://github.com/kubernetes-sigs/aws-ebs-csi-driver
 sources:
diff --git a/deploy/kubernetes/base/controller.yaml b/deploy/kubernetes/base/controller.yaml
index 28cfcf0c98..5eaa39aa68 100644
--- a/deploy/kubernetes/base/controller.yaml
+++ b/deploy/kubernetes/base/controller.yaml
@@ -61,7 +61,7 @@ spec:
         runAsUser: 1000
       containers:
         - name: ebs-plugin
-          image: public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.16.0
+          image: public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.16.1
           imagePullPolicy: IfNotPresent
           args:
             # - {all,controller,node} # specify the driver mode
diff --git a/deploy/kubernetes/base/node.yaml b/deploy/kubernetes/base/node.yaml
index 4c6c9c0168..d4cf9ca773 100644
--- a/deploy/kubernetes/base/node.yaml
+++ b/deploy/kubernetes/base/node.yaml
@@ -44,7 +44,7 @@ spec:
         runAsUser: 0
       containers:
         - name: ebs-plugin
-          image: public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.16.0
+          image: public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.16.1
           imagePullPolicy: IfNotPresent
           args:
             - node