diff --git a/utils/restic/Makefile b/utils/restic/Makefile
index 89963c085..b59a89b4e 100644
--- a/utils/restic/Makefile
+++ b/utils/restic/Makefile
@@ -1,12 +1,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=restic
-PKG_VERSION:=0.16.2
+PKG_VERSION:=0.16.3
 PKG_RELEASE:=1
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/restic/restic/tar.gz/v${PKG_VERSION}?
-PKG_HASH:=88165b5b89b6064df37a9964d660f40ac62db51d6536e459db9aaea6f2b2fc11
+PKG_HASH:=a94d6c1feb0034fcff3e8b4f2d65c0678f906fc21a1cf2d435341f69e7e7af52
 
 PKG_LICENSE:=BSD-2-Clause
 PKG_LICENSE_FILES:=LICENSE