diff --git a/homeassistant/auth/mfa_modules/notify.py b/homeassistant/auth/mfa_modules/notify.py
index a6a754fc2a6..01c5c12efb7 100644
--- a/homeassistant/auth/mfa_modules/notify.py
+++ b/homeassistant/auth/mfa_modules/notify.py
@@ -22,7 +22,7 @@ from . import (
     SetupFlow,
 )
 
-REQUIREMENTS = ["pyotp==2.2.7"]
+REQUIREMENTS = ["pyotp==2.3.0"]
 
 CONF_MESSAGE = "message"
 
diff --git a/homeassistant/auth/mfa_modules/totp.py b/homeassistant/auth/mfa_modules/totp.py
index d6d901ac3b1..4e417fca219 100644
--- a/homeassistant/auth/mfa_modules/totp.py
+++ b/homeassistant/auth/mfa_modules/totp.py
@@ -16,7 +16,7 @@ from . import (
     SetupFlow,
 )
 
-REQUIREMENTS = ["pyotp==2.2.7", "PyQRCode==1.2.1"]
+REQUIREMENTS = ["pyotp==2.3.0", "PyQRCode==1.2.1"]
 
 CONFIG_SCHEMA = MULTI_FACTOR_AUTH_MODULE_SCHEMA.extend({}, extra=vol.PREVENT_EXTRA)
 
diff --git a/homeassistant/components/otp/manifest.json b/homeassistant/components/otp/manifest.json
index cea246af328..112fca24194 100644
--- a/homeassistant/components/otp/manifest.json
+++ b/homeassistant/components/otp/manifest.json
@@ -3,7 +3,7 @@
   "name": "Otp",
   "documentation": "https://www.home-assistant.io/components/otp",
   "requirements": [
-    "pyotp==2.2.7"
+    "pyotp==2.3.0"
   ],
   "dependencies": [],
   "codeowners": []
diff --git a/requirements_all.txt b/requirements_all.txt
index 3214c5e43ab..07dd2c39651 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1367,7 +1367,7 @@ pyotgw==0.4b4
 # homeassistant.auth.mfa_modules.notify
 # homeassistant.auth.mfa_modules.totp
 # homeassistant.components.otp
-pyotp==2.2.7
+pyotp==2.3.0
 
 # homeassistant.components.owlet
 pyowlet==1.0.2
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index c0e94a5afe5..7ece1a030aa 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -326,7 +326,7 @@ pyopenuv==1.0.9
 # homeassistant.auth.mfa_modules.notify
 # homeassistant.auth.mfa_modules.totp
 # homeassistant.components.otp
-pyotp==2.2.7
+pyotp==2.3.0
 
 # homeassistant.components.ps4
 pyps4-homeassistant==0.8.7