diff --git a/app_info.go b/app_info.go
index 06dcb9e..0ef97e6 100644
--- a/app_info.go
+++ b/app_info.go
@@ -3,7 +3,7 @@ package webhook
 import corev1 "k8s.io/api/core/v1"
 
 // Version is automatically bumped on release branches
-const version = "0.2.0"
+const version = "0.3.0"
 
 var appInfo = []corev1.EnvVar{
 	{
diff --git a/deploy/aws-lambda/README.md b/deploy/aws-lambda/README.md
index 063645d..f22e8f9 100644
--- a/deploy/aws-lambda/README.md
+++ b/deploy/aws-lambda/README.md
@@ -4,7 +4,7 @@ You can deploy the webhook to AWS Lambda and activate it in your Kubernetes clus
 
 ```terraform
 module "secrethub_mutating_webhook" {
-  source = "github.com/secrethub/secrethub-kubernetes-mutating-webhook//deploy/aws-lambda?ref=v0.2.0"
+  source = "github.com/secrethub/secrethub-kubernetes-mutating-webhook//deploy/aws-lambda?ref=v0.3.0"
 }
 ```
 
diff --git a/deploy/aws-lambda/version.tf b/deploy/aws-lambda/version.tf
index b15888c..55a7e10 100644
--- a/deploy/aws-lambda/version.tf
+++ b/deploy/aws-lambda/version.tf
@@ -4,5 +4,5 @@ variable "webhook_version" {
   # Default version will get bumped automatically on release PRs,
   # so updating the module will also update the webhook version
   # if the module doesn't override the variable.
-  default = "0.2.0"
+  default = "0.3.0"
 }