diff --git a/package/python-pillow/python-pillow.hash b/package/python-pillow/python-pillow.hash
index 22d1f3fe7f..6f9c5d2cb1 100644
--- a/package/python-pillow/python-pillow.hash
+++ b/package/python-pillow/python-pillow.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/pillow/json
-md5  a7432f8c473441996d72efdefbc49d40  pillow-12.0.0.tar.gz
-sha256  87d4f8125c9988bfbed67af47dd7a953e2fc7b0cc1e7800ec6d2080d490bb353  pillow-12.0.0.tar.gz
+md5  c714771477fa686ba789092cf84234c7  pillow-12.3.0.tar.gz
+sha256  3b8182a766685eaa002637e28b4ec8d6b18819a0c71f579bf0dbaa5830297cce  pillow-12.3.0.tar.gz
 # Locally computed sha256 checksums
-sha256  17f240ae101143707e5e7303a5d800450d9ccc7475b463cedb555cefdb3c6ece  LICENSE
+sha256  15181e7363dca9aed78b79bebebc7fde7f1814b8bd311ea3b87ae8ccadfc185b  LICENSE
diff --git a/package/python-pillow/python-pillow.mk b/package/python-pillow/python-pillow.mk
index 19e3f8e279..433cbae5e5 100644
--- a/package/python-pillow/python-pillow.mk
+++ b/package/python-pillow/python-pillow.mk
@@ -4,10 +4,10 @@
 #
 ################################################################################
 
-PYTHON_PILLOW_VERSION = 12.0.0
-PYTHON_PILLOW_SITE = https://files.pythonhosted.org/packages/5a/b0/cace85a1b0c9775a9f8f5d5423c8261c858760e2466c79b2dd184638b056
+PYTHON_PILLOW_VERSION = 12.3.0
+PYTHON_PILLOW_SITE = https://files.pythonhosted.org/packages/1c/3d/bb7fca845737cf9d7dbde16ed1843984665ff2e0a518f5db43e77ec540b9
 PYTHON_PILLOW_SOURCE = pillow-$(PYTHON_PILLOW_VERSION).tar.gz
-PYTHON_PILLOW_LICENSE = HPND
+PYTHON_PILLOW_LICENSE = MIT-CMU
 PYTHON_PILLOW_LICENSE_FILES = LICENSE
 PYTHON_PILLOW_CPE_ID_VENDOR = python
 PYTHON_PILLOW_CPE_ID_PRODUCT = pillow