diff --git a/package/python-libusb1/python-libusb1.hash b/package/python-libusb1/python-libusb1.hash
index cf270a2d3d..a933e98416 100644
--- a/package/python-libusb1/python-libusb1.hash
+++ b/package/python-libusb1/python-libusb1.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/libusb1/json
-md5  617502b66841e601c28c668c20c1d843  libusb1-3.2.0.tar.gz
-sha256  a11a6095e718cd49418a96329314da271cca6be7b4317a142724523371ac8961  libusb1-3.2.0.tar.gz
+md5  f4973afe56c872eb2b8e7a930f566bb4  libusb1-3.3.1.tar.gz
+sha256  3951d360f2daf0e0eacf839e15d2d1d2f4f5e7830231eb3188eeffef2dd17bad  libusb1-3.3.1.tar.gz
 # Locally computed sha256 checksums
 sha256  dc626520dcd53a22f727af3ee42c770e56c97a64fe3adb063799d8ab032fe551  COPYING.LESSER
diff --git a/package/python-libusb1/python-libusb1.mk b/package/python-libusb1/python-libusb1.mk
index 7d68377f51..10a727a7a9 100644
--- a/package/python-libusb1/python-libusb1.mk
+++ b/package/python-libusb1/python-libusb1.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_LIBUSB1_VERSION = 3.2.0
+PYTHON_LIBUSB1_VERSION = 3.3.1
 PYTHON_LIBUSB1_SOURCE = libusb1-$(PYTHON_LIBUSB1_VERSION).tar.gz
-PYTHON_LIBUSB1_SITE = https://files.pythonhosted.org/packages/d9/b7/9e833af6cb52fa2aece1c6a1378667ca0172bead14f63ffccc3cb9862df3
+PYTHON_LIBUSB1_SITE = https://files.pythonhosted.org/packages/a2/7f/c59ad56d1bca8fa4321d1bb77ba4687775751a4deceec14943a44da18ca0
 PYTHON_LIBUSB1_SETUP_TYPE = setuptools
 PYTHON_LIBUSB1_LICENSE = LGPL-2.1+
 PYTHON_LIBUSB1_LICENSE_FILES = COPYING.LESSER