diff --git a/changelogs/unreleased/3431-dependabot.yml b/changelogs/unreleased/3431-dependabot.yml
new file mode 100644
index 0000000000..e3e3792bce
--- /dev/null
+++ b/changelogs/unreleased/3431-dependabot.yml
@@ -0,0 +1,5 @@
+change-type: patch
+description: Bump setuptools from 53.0.0 to 58.5.3
+destination-branches:
+- iso4
+sections: {}
diff --git a/requirements.txt b/requirements.txt
index 4d92c44b92..b5bde84a88 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -19,7 +19,7 @@ pyformance==0.4
 PyJWT==2.1.0
 python-dateutil==2.8.2
 pyyaml==5.4.1
-setuptools==53.0.0
+setuptools==58.5.3
 texttable==1.6.3
 tornado==6.1
 typing_inspect==0.6.0