diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5b7093bc1e..752fceddab 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+Changes in [1.9.7](https://github.com/vector-im/element-web/releases/tag/v1.9.7) (2021-12-13)
+=============================================================================================
+
+ * Security release with updated version of Olm to fix https://matrix.org/blog/2021/12/03/pre-disclosure-upcoming-security-release-of-libolm-and-matrix-js-sdk
+ * Fix a crash on logout
+
 Changes in [1.9.6](https://github.com/vector-im/element-web/releases/tag/v1.9.6) (2021-12-06)
 =============================================================================================
 
diff --git a/package.json b/package.json
index 71b3ef5e4d..7bece75ad8 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "element-web",
-  "version": "1.9.6",
+  "version": "1.9.7",
   "description": "A feature-rich client for Matrix.org",
   "author": "New Vector Ltd.",
   "repository": {
@@ -55,7 +55,7 @@
     "test": "jest"
   },
   "dependencies": {
-    "@matrix-org/olm": "https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.7.tgz",
+    "@matrix-org/olm": "https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.8.tgz",
     "browser-request": "^0.3.3",
     "eslint-plugin-import": "^2.25.2",
     "gfm.css": "^1.1.2",
diff --git a/yarn.lock b/yarn.lock
index 6dc9b486b5..179e437171 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1364,9 +1364,9 @@
   resolved "https://registry.yarnpkg.com/@mapbox/whoots-js/-/whoots-js-3.1.0.tgz#497c67a1cef50d1a2459ba60f315e448d2ad87fe"
   integrity sha512-Es6WcD0nO5l+2BOQS4uLfNPYQaNDfbot3X1XUoloz+x0mPDS3eeORZJl06HXjwBG1fOGwCRnzK88LMdxKRrd6Q==
 
-"@matrix-org/olm@https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.7.tgz":
-  version "3.2.7"
-  resolved "https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.7.tgz#d54279ec26cd46518ea06af306bd450aeab207bf"
+"@matrix-org/olm@https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.8.tgz":
+  version "3.2.8"
+  resolved "https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.8.tgz#8d53636d045e1776e2a2ec6613e57330dd9ce856"
 
 "@mrmlnc/readdir-enhanced@^2.2.1":
   version "2.2.1"