diff --git a/.changelog/1019.internal.md b/.changelog/1019.internal.md
new file mode 100644
index 000000000..44122ea32
--- /dev/null
+++ b/.changelog/1019.internal.md
@@ -0,0 +1 @@
+Update dependency axios to v1.6.2
diff --git a/package.json b/package.json
index 3b5c927dc..c67a6a88d 100644
--- a/package.json
+++ b/package.json
@@ -71,7 +71,7 @@
     "@oasisprotocol/client-rt": "0.2.1-alpha.2",
     "@tanstack/react-query": "4.36.1",
     "@tanstack/react-query-devtools": "4.36.1",
-    "axios": "1.6.1",
+    "axios": "1.6.2",
     "bignumber.js": "9.1.2",
     "bip39": "^3.1.0",
     "date-fns": "2.30.0",
diff --git a/yarn.lock b/yarn.lock
index f3db0a496..053c69125 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5507,10 +5507,10 @@ axe-core@^4.6.2:
   resolved "https://registry.yarnpkg.com/axe-core/-/axe-core-4.7.2.tgz#040a7342b20765cb18bb50b628394c21bccc17a0"
   integrity sha512-zIURGIS1E1Q4pcrMjp+nnEh+16G56eG/MUllJH8yEvw7asDo7Ac9uhC9KIH5jzpITueEZolfYglnCGIuSBz39g==
 
-axios@1.6.1:
-  version "1.6.1"
-  resolved "https://registry.yarnpkg.com/axios/-/axios-1.6.1.tgz#76550d644bf0a2d469a01f9244db6753208397d7"
-  integrity sha512-vfBmhDpKafglh0EldBEbVuoe7DyAavGSLWhuSm5ZSEKQnHhBf0xAAwybbNH1IkrJNGnS/VG4I5yxig1pCEXE4g==
+axios@1.6.2:
+  version "1.6.2"
+  resolved "https://registry.yarnpkg.com/axios/-/axios-1.6.2.tgz#de67d42c755b571d3e698df1b6504cde9b0ee9f2"
+  integrity sha512-7i24Ri4pmDRfJTR7LDBhsOTtcm+9kjX5WiY1X3wIisx6G9So3pfMkEiU7emUBe46oceVImccTEM3k6C5dbVW8A==
   dependencies:
     follow-redirects "^1.15.0"
     form-data "^4.0.0"