diff --git a/.circleci/config.yml b/.circleci/config.yml
index 545380aa6..b2620bb8e 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -21,7 +21,7 @@ jobs:
         # We do this instead of setting --default-tf-version because setting
         # that flag starts the download asynchronously so we'd have a race
         # condition.
-        TERRAFORM_VERSION: 0.12.0
+        TERRAFORM_VERSION: 0.12.1
     steps:
     - checkout
     - run: make build-service
diff --git a/Dockerfile b/Dockerfile
index 7cb83cfe7..fdd7ce5b7 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -3,7 +3,7 @@ FROM runatlantis/atlantis-base:v3.0
 LABEL authors="Anubhav Mishra, Luke Kysow"
 
 # install terraform binaries
-ENV DEFAULT_TERRAFORM_VERSION=0.12.0
+ENV DEFAULT_TERRAFORM_VERSION=0.12.1
 
 # In the official Atlantis image we only have the latest of each Terrafrom version.
 RUN AVAILABLE_TERRAFORM_VERSIONS="0.8.8 0.9.11 0.10.8 0.11.14 ${DEFAULT_TERRAFORM_VERSION}" && \
diff --git a/testing/Dockerfile b/testing/Dockerfile
index 568b822d6..eb0fd5041 100644
--- a/testing/Dockerfile
+++ b/testing/Dockerfile
@@ -5,7 +5,7 @@
 FROM circleci/golang:1.12
 
 # Install Terraform
-ENV TERRAFORM_VERSION=0.12.0
+ENV TERRAFORM_VERSION=0.12.1
 RUN curl -LOks https://releases.hashicorp.com/terraform/${TERRAFORM_VERSION}/terraform_${TERRAFORM_VERSION}_linux_amd64.zip && \
     sudo mkdir -p /usr/local/bin/tf/versions/${TERRAFORM_VERSION} && \
     sudo unzip terraform_${TERRAFORM_VERSION}_linux_amd64.zip -d /usr/local/bin/tf/versions/${TERRAFORM_VERSION} && \