diff --git a/package-lock.json b/package-lock.json
index 91eef58d..45d2fad9 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -10,7 +10,7 @@
       "license": "Apache-2.0",
       "dependencies": {
         "@hashgraph/sdk": "^2.42.0",
-        "axios": "^1.5.1",
+        "axios": "^1.6.8",
         "commander": "^11.0.0",
         "dotenv": "^16.3.1",
         "enquirer": "^2.4.1"
@@ -2576,11 +2576,11 @@
       }
     },
     "node_modules/axios": {
-      "version": "1.6.7",
-      "resolved": "https://registry.npmjs.org/axios/-/axios-1.6.7.tgz",
-      "integrity": "sha512-/hDJGff6/c7u0hDkvkGxR/oy6CbCs8ziCsC7SqmhjfozqiJGc8Z11wrv9z9lYfY4K8l+H9TpjcMDX0xOZmx+RA==",
+      "version": "1.6.8",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.6.8.tgz",
+      "integrity": "sha512-v/ZHtJDU39mDpyBoFVkETcd/uNdxrWRrg3bKpOKzXFA6Bvqopts6ALSMU3y6ijYxbw2B+wPrIv46egTzJXCLGQ==",
       "dependencies": {
-        "follow-redirects": "^1.15.4",
+        "follow-redirects": "^1.15.6",
         "form-data": "^4.0.0",
         "proxy-from-env": "^1.1.0"
       }
@@ -4246,9 +4246,9 @@
       "dev": true
     },
     "node_modules/follow-redirects": {
-      "version": "1.15.4",
-      "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.15.4.tgz",
-      "integrity": "sha512-Cr4D/5wlrb0z9dgERpUL3LrmPKVDsETIJhaCMeDfuFYcqa5bldGV6wBsAN6X/vxlXQtFBMrXdXxdL8CbDTGniw==",
+      "version": "1.15.6",
+      "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.15.6.tgz",
+      "integrity": "sha512-wWN62YITEaOpSK584EZXJafH1AGpO8RVgElfkuXbTOrPX4fIfOyEpW/CsiNd8JdYrAoOvafRTOEnvsO++qCqFA==",
       "funding": [
         {
           "type": "individual",
@@ -9972,11 +9972,11 @@
       "dev": true
     },
     "axios": {
-      "version": "1.6.7",
-      "resolved": "https://registry.npmjs.org/axios/-/axios-1.6.7.tgz",
-      "integrity": "sha512-/hDJGff6/c7u0hDkvkGxR/oy6CbCs8ziCsC7SqmhjfozqiJGc8Z11wrv9z9lYfY4K8l+H9TpjcMDX0xOZmx+RA==",
+      "version": "1.6.8",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.6.8.tgz",
+      "integrity": "sha512-v/ZHtJDU39mDpyBoFVkETcd/uNdxrWRrg3bKpOKzXFA6Bvqopts6ALSMU3y6ijYxbw2B+wPrIv46egTzJXCLGQ==",
       "requires": {
-        "follow-redirects": "^1.15.4",
+        "follow-redirects": "^1.15.6",
         "form-data": "^4.0.0",
         "proxy-from-env": "^1.1.0"
       }
@@ -11189,9 +11189,9 @@
       "dev": true
     },
     "follow-redirects": {
-      "version": "1.15.4",
-      "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.15.4.tgz",
-      "integrity": "sha512-Cr4D/5wlrb0z9dgERpUL3LrmPKVDsETIJhaCMeDfuFYcqa5bldGV6wBsAN6X/vxlXQtFBMrXdXxdL8CbDTGniw=="
+      "version": "1.15.6",
+      "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.15.6.tgz",
+      "integrity": "sha512-wWN62YITEaOpSK584EZXJafH1AGpO8RVgElfkuXbTOrPX4fIfOyEpW/CsiNd8JdYrAoOvafRTOEnvsO++qCqFA=="
     },
     "for-each": {
       "version": "0.3.3",
diff --git a/package.json b/package.json
index d4798ca7..fed12e91 100644
--- a/package.json
+++ b/package.json
@@ -41,7 +41,7 @@
   "license": "Apache-2.0",
   "dependencies": {
     "@hashgraph/sdk": "^2.42.0",
-    "axios": "^1.5.1",
+    "axios": "^1.6.8",
     "commander": "^11.0.0",
     "dotenv": "^16.3.1",
     "enquirer": "^2.4.1"