The apparatus for dynamic update of a software-based IPTV conditional access system includes: a server master key manager managing a master key and encrypting a conditional access code ID; a conditional access server manager generating and managing a server list, linking and storing an update policy with the conditional access server IDs included in the server list, and controlling execution of the conditional access server; and a conditional access code download server generating an ID map of set of conditional access codes by combining the plurality of conditional access codes and the plurality of conditional access code IDs that are encrypted, and transmitting the ID map of set of conditional access codes and the conditional access code to a receiver.