diff --git a/charts/openstack-cloud-controller-manager/Chart.yaml b/charts/openstack-cloud-controller-manager/Chart.yaml
index b33f0d1be2..00782c7123 100644
--- a/charts/openstack-cloud-controller-manager/Chart.yaml
+++ b/charts/openstack-cloud-controller-manager/Chart.yaml
@@ -4,7 +4,7 @@ description: Openstack Cloud Controller Manager Helm Chart
 icon: https://object-storage-ca-ymq-1.vexxhost.net/swift/v1/6e4619c416ff4bd19e1c087f27a43eea/www-images-prod/openstack-logo/OpenStack-Logo-Vertical.png
 home: https://github.com/kubernetes/cloud-provider-openstack
 name: openstack-cloud-controller-manager
-version: 2.34.1
+version: 2.34.2
 maintainers:
   - name: eumel8
     email: f.kloeker@telekom.de
diff --git a/charts/openstack-cloud-controller-manager/templates/daemonset.yaml b/charts/openstack-cloud-controller-manager/templates/daemonset.yaml
index 3f0441cc23..40f98ea3f8 100644
--- a/charts/openstack-cloud-controller-manager/templates/daemonset.yaml
+++ b/charts/openstack-cloud-controller-manager/templates/daemonset.yaml
@@ -46,6 +46,10 @@ spec:
       containers:
         - name: openstack-cloud-controller-manager
           image: "{{ .Values.image.repository }}:{{ default .Chart.AppVersion .Values.image.tag }}"
+          {{- with .Values.securityContext }}
+          securityContext:
+            {{- toYaml . | nindent 12 }}
+          {{- end }}
           args:
             - /bin/openstack-cloud-controller-manager
             - --v={{ .Values.logVerbosityLevel }}
diff --git a/charts/openstack-cloud-controller-manager/values.yaml b/charts/openstack-cloud-controller-manager/values.yaml
index 6d928aae4f..d813226992 100644
--- a/charts/openstack-cloud-controller-manager/values.yaml
+++ b/charts/openstack-cloud-controller-manager/values.yaml
@@ -74,6 +74,16 @@ podSecurityContext:
   # seccompProfile:
   #   type: RuntimeDefault
 
+# Set security settings for the controller container
+# For all available options, see https://kubernetes.io/docs/reference/generated/kubernetes-api/v1.23/#securitycontext-v1-core
+securityContext: {}
+# securityContext:
+#   capabilities:
+#     drop:
+#     - ALL
+#   readOnlyRootFilesystem: true
+#   allowPrivilegeEscalation: false
+
 # List of controllers should be enabled.
 # Use '*' to enable all controllers.
 # Prefix a controller with '-' to disable it.