diff --git a/package/python-paramiko/python-paramiko.hash b/package/python-paramiko/python-paramiko.hash
index abc62fc8c2..893aac074e 100644
--- a/package/python-paramiko/python-paramiko.hash
+++ b/package/python-paramiko/python-paramiko.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/paramiko/json
-md5  08b1610e3ba9fa89e13973710cd48e35  paramiko-3.3.1.tar.gz
-sha256  6a3777a961ac86dbef375c5f5b8d50014a1a96d0fd7f054a43bc880134b0ff77  paramiko-3.3.1.tar.gz
+md5  be485ba66b576d8bc7e1c0ad96e87108  paramiko-3.4.0.tar.gz
+sha256  aac08f26a31dc4dffd92821527d1682d99d52f9ef6851968114a8728f3c274d3  paramiko-3.4.0.tar.gz
 # Locally computed sha256 checksums
 sha256  5fa25bf5f395fd26e701c2e1de4ca7d162816986dc791c22f8f4226857ad1bb2  LICENSE
diff --git a/package/python-paramiko/python-paramiko.mk b/package/python-paramiko/python-paramiko.mk
index 512a4630f5..8d921486c7 100644
--- a/package/python-paramiko/python-paramiko.mk
+++ b/package/python-paramiko/python-paramiko.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PARAMIKO_VERSION = 3.3.1
+PYTHON_PARAMIKO_VERSION = 3.4.0
 PYTHON_PARAMIKO_SOURCE = paramiko-$(PYTHON_PARAMIKO_VERSION).tar.gz
-PYTHON_PARAMIKO_SITE = https://files.pythonhosted.org/packages/44/03/158ae1dcb950bd96f04038502238159e116fafb27addf5df1ba35068f2d6
+PYTHON_PARAMIKO_SITE = https://files.pythonhosted.org/packages/cc/af/11996c4df4f9caff87997ad2d3fd8825078c277d6a928446d2b6cf249889
 PYTHON_PARAMIKO_SETUP_TYPE = setuptools
 PYTHON_PARAMIKO_LICENSE = LGPL-2.1+
 PYTHON_PARAMIKO_LICENSE_FILES = LICENSE