diff --git a/package-lock.json b/package-lock.json
index f238aea27..b66761335 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -54,7 +54,7 @@
         "@edx/frontend-build": "^12.7.0",
         "@edx/stylelint-config-edx": "^2.3.0",
         "@wojtekmaj/enzyme-adapter-react-17": "^0.8.0",
-        "axios": "0.27.2",
+        "axios": "1.5.1",
         "axios-mock-adapter": "1.21.5",
         "enzyme": "3.11.0",
         "enzyme-to-json": "3.6.2",
@@ -1982,6 +1982,15 @@
         "redux": "^4.0.4"
       }
     },
+    "node_modules/@edx/frontend-platform/node_modules/axios": {
+      "version": "0.27.2",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-0.27.2.tgz",
+      "integrity": "sha512-t+yRIyySRTp/wua5xEr+z1q60QmLq8ABsS5O9Me1AsE5dfKqgnCFzwiCZZ/cGNd1lq4/7akDWMxdhVlucjmnOQ==",
+      "dependencies": {
+        "follow-redirects": "^1.14.9",
+        "form-data": "^4.0.0"
+      }
+    },
     "node_modules/@edx/new-relic-source-map-webpack-plugin": {
       "version": "1.0.2",
       "license": "AGPL-3.0",
@@ -4650,11 +4659,14 @@
       }
     },
     "node_modules/axios": {
-      "version": "0.27.2",
-      "license": "MIT",
+      "version": "1.5.1",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.5.1.tgz",
+      "integrity": "sha512-Q28iYCWzNHjAm+yEAot5QaAMxhMghWLFVf7rRdwhUI+c2jix2DUXjAHXVi+s1ibs3mjPO/cCgbA++3BjD0vP/A==",
+      "dev": true,
       "dependencies": {
-        "follow-redirects": "^1.14.9",
-        "form-data": "^4.0.0"
+        "follow-redirects": "^1.15.0",
+        "form-data": "^4.0.0",
+        "proxy-from-env": "^1.1.0"
       }
     },
     "node_modules/axios-cache-interceptor": {
@@ -14186,6 +14198,12 @@
         "node": ">= 0.10"
       }
     },
+    "node_modules/proxy-from-env": {
+      "version": "1.1.0",
+      "resolved": "https://registry.npmjs.org/proxy-from-env/-/proxy-from-env-1.1.0.tgz",
+      "integrity": "sha512-D+zkORCbA9f1tdWRK0RaCR3GPv50cMxcrz4X8k5LTSUD1Dkw47mKJEZQNunItRTkWwgtaUSo1RVFRIG9ZXiFYg==",
+      "dev": true
+    },
     "node_modules/psl": {
       "version": "1.9.0",
       "license": "MIT"
diff --git a/package.json b/package.json
index 7161e647e..f74432575 100644
--- a/package.json
+++ b/package.json
@@ -67,7 +67,7 @@
     "@edx/frontend-build": "^12.7.0",
     "@edx/stylelint-config-edx": "^2.3.0",
     "@wojtekmaj/enzyme-adapter-react-17": "^0.8.0",
-    "axios": "0.27.2",
+    "axios": "1.5.1",
     "axios-mock-adapter": "1.21.5",
     "enzyme": "3.11.0",
     "enzyme-to-json": "3.6.2",