diff --git a/sdk/identity/identity/CHANGELOG.md b/sdk/identity/identity/CHANGELOG.md
index ec564a1f147c..1f87e91b9081 100644
--- a/sdk/identity/identity/CHANGELOG.md
+++ b/sdk/identity/identity/CHANGELOG.md
@@ -1,17 +1,21 @@
 # Release History
 
-## 3.1.3 (Unreleased)
+## 3.1.4 (Unreleased)
 
 ### Features Added
 
-- [[#24180]](https://github.com/Azure/azure-sdk-for-js/pull/24180) Added Azure Developer CLI Credential.
-
 ### Breaking Changes
 
 ### Bugs Fixed
 
 ### Other Changes
 
+## 3.1.3 (2023-01-12)
+
+### Other Changes
+
+- Upgraded versions of @azure/msal-node, @azure/msal-common and @azure/msal-browser to remove any dependency versions that were depending on old version of jsonwebtoken which had a [security issue](https://nvd.nist.gov/vuln/detail/CVE-2022-23529)
+
 ## 3.1.2 (2022-12-05)
 
 ### Bugs Fixed
diff --git a/sdk/identity/identity/package.json b/sdk/identity/identity/package.json
index 04aa22098b35..b83f41af204d 100644
--- a/sdk/identity/identity/package.json
+++ b/sdk/identity/identity/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@azure/identity",
   "sdk-type": "client",
-  "version": "3.1.3",
+  "version": "3.1.4",
   "description": "Provides credential implementations for Azure SDK libraries that can authenticate with Azure Active Directory",
   "main": "dist/index.js",
   "module": "dist-esm/src/index.js",
@@ -110,9 +110,9 @@
     "@azure/core-tracing": "^1.0.0",
     "@azure/core-util": "^1.0.0",
     "@azure/logger": "^1.0.0",
-    "@azure/msal-browser": "^2.32.0",
-    "@azure/msal-common": "^9.0.0",
-    "@azure/msal-node": "^1.14.4",
+    "@azure/msal-browser": "^2.32.2",
+    "@azure/msal-common": "^9.0.2",
+    "@azure/msal-node": "^1.14.6",
     "events": "^3.0.0",
     "jws": "^4.0.0",
     "open": "^8.0.0",
diff --git a/sdk/identity/identity/src/constants.ts b/sdk/identity/identity/src/constants.ts
index 8b21813a983d..87a25b638b33 100644
--- a/sdk/identity/identity/src/constants.ts
+++ b/sdk/identity/identity/src/constants.ts
@@ -5,7 +5,7 @@
  * Current version of the `@azure/identity` package.
  */
 
-export const SDK_VERSION = `3.1.3`;
+export const SDK_VERSION = `3.1.4`;
 
 /**
  * The default client ID for authentication