diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index ed597c53dd..f7f045d2f0 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -44,6 +44,8 @@ Fixed
 
   Contributed by @khushboobhatia01
 
+* Updated paramiko version to 2.10.3 to add support for more key verification algorithms. #5600
+
 Added
 ~~~~~
 
diff --git a/fixed-requirements.txt b/fixed-requirements.txt
index d43b25f127..d02d90bb20 100644
--- a/fixed-requirements.txt
+++ b/fixed-requirements.txt
@@ -36,7 +36,7 @@ decorator==4.4.2
 # See https://github.com/StackStorm/st2/issues/4160#issuecomment-394386433 for details
 oslo.config>=1.12.1,<1.13
 oslo.utils<5.0,>=4.0.0
-paramiko==2.7.2
+paramiko==2.10.1
 passlib==1.7.4
 prompt-toolkit==1.0.15
 pyinotify==0.9.6; platform_system=="Linux"
diff --git a/requirements.txt b/requirements.txt
index 062230f4ea..3ddc4047a3 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -42,7 +42,7 @@ nose-timer==1.0.1
 orjson==3.5.2
 oslo.config>=1.12.1,<1.13
 oslo.utils<5.0,>=4.0.0
-paramiko==2.7.2
+paramiko==2.10.1
 passlib==1.7.4
 prettytable==2.1.0
 prompt-toolkit==1.0.15
diff --git a/st2common/requirements.txt b/st2common/requirements.txt
index ed817677f0..41d31e328c 100644
--- a/st2common/requirements.txt
+++ b/st2common/requirements.txt
@@ -29,7 +29,7 @@ mongoengine==0.23.0
 networkx>=2.5.1,<2.6
 orjson==3.5.2
 oslo.config>=1.12.1,<1.13
-paramiko==2.7.2
+paramiko==2.10.1
 pyOpenSSL<=21.0.0
 pymongo==3.11.3
 python-dateutil==2.8.1