diff --git a/package-lock.json b/package-lock.json
index a9607c9d5..d1a142323 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -22,7 +22,7 @@
         "@openedx/paragon": "^22.1.1",
         "@stripe/react-stripe-js": "^1.10.0",
         "@stripe/stripe-js": "^1.36.0",
-        "axios": "^0.27.2",
+        "axios": "^0.28.0",
         "bootstrap": "^4.6.1",
         "classnames": "^2.3.1",
         "core-js": "^3.23.5",
@@ -2229,6 +2229,16 @@
         "tslib": "^2.4.0"
       }
     },
+    "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==",
+      "license": "MIT",
+      "dependencies": {
+        "follow-redirects": "^1.14.9",
+        "form-data": "^4.0.0"
+      }
+    },
     "node_modules/@edx/frontend-platform/node_modules/form-urlencoded": {
       "version": "4.1.4",
       "resolved": "https://registry.npmjs.org/form-urlencoded/-/form-urlencoded-4.1.4.tgz",
@@ -5630,12 +5640,14 @@
       }
     },
     "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==",
+      "version": "0.28.1",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-0.28.1.tgz",
+      "integrity": "sha512-iUcGA5a7p0mVb4Gm/sy+FSECNkPFT4y7wt6OM/CDpO/OnNCvSs3PoMG8ibrC9jRoGYU0gUK5pXVC4NPXq6lHRQ==",
+      "license": "MIT",
       "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": {
@@ -14280,6 +14292,12 @@
         "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==",
+      "license": "MIT"
+    },
     "node_modules/psl": {
       "version": "1.9.0",
       "resolved": "https://registry.npmjs.org/psl/-/psl-1.9.0.tgz",
diff --git a/package.json b/package.json
index 8e651d379..9cbf8f746 100755
--- a/package.json
+++ b/package.json
@@ -43,7 +43,7 @@
     "@openedx/paragon": "^22.1.1",
     "@stripe/react-stripe-js": "^1.10.0",
     "@stripe/stripe-js": "^1.36.0",
-    "axios": "^0.27.2",
+    "axios": "^0.28.0",
     "bootstrap": "^4.6.1",
     "classnames": "^2.3.1",
     "core-js": "^3.23.5",