diff --git a/backend/package-lock.json b/backend/package-lock.json
index c8dea34c01..1ec7c2d99a 100644
--- a/backend/package-lock.json
+++ b/backend/package-lock.json
@@ -12,7 +12,7 @@
         "@babel/core": "^7.21.3",
         "@mempool/electrum-client": "1.1.9",
         "@types/node": "^18.15.3",
-        "axios": "~1.5.0",
+        "axios": "~1.6.3",
         "bitcoinjs-lib": "~6.1.3",
         "crypto-js": "~4.1.1",
         "express": "~4.18.2",
@@ -2321,9 +2321,9 @@
       "integrity": "sha512-Oei9OH4tRh0YqU3GxhX79dM/mwVgvbZJaSNaRk+bshkj0S5cfHcgYakreBjrHwatXKbz+IoIdYLxrKim2MjW0Q=="
     },
     "node_modules/axios": {
-      "version": "1.5.0",
-      "resolved": "https://registry.npmjs.org/axios/-/axios-1.5.0.tgz",
-      "integrity": "sha512-D4DdjDo5CY50Qms0qGQTTw6Q44jl7zRwY7bthds06pUGfChBCTcQs+N743eFWGEd6pRTMd6A+I87aWyFV5wiZQ==",
+      "version": "1.6.3",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.6.3.tgz",
+      "integrity": "sha512-fWyNdeawGam70jXSVlKl+SUNVcL6j6W79CuSIPfi6HnDUmSCH6gyUys/HrqHeA/wU0Az41rRgean494d0Jb+ww==",
       "dependencies": {
         "follow-redirects": "^1.15.0",
         "form-data": "^4.0.0",
@@ -9397,9 +9397,9 @@
       "integrity": "sha512-Oei9OH4tRh0YqU3GxhX79dM/mwVgvbZJaSNaRk+bshkj0S5cfHcgYakreBjrHwatXKbz+IoIdYLxrKim2MjW0Q=="
     },
     "axios": {
-      "version": "1.5.0",
-      "resolved": "https://registry.npmjs.org/axios/-/axios-1.5.0.tgz",
-      "integrity": "sha512-D4DdjDo5CY50Qms0qGQTTw6Q44jl7zRwY7bthds06pUGfChBCTcQs+N743eFWGEd6pRTMd6A+I87aWyFV5wiZQ==",
+      "version": "1.6.3",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.6.3.tgz",
+      "integrity": "sha512-fWyNdeawGam70jXSVlKl+SUNVcL6j6W79CuSIPfi6HnDUmSCH6gyUys/HrqHeA/wU0Az41rRgean494d0Jb+ww==",
       "requires": {
         "follow-redirects": "^1.15.0",
         "form-data": "^4.0.0",
diff --git a/backend/package.json b/backend/package.json
index 2db8f20467..f5e0d51b9e 100644
--- a/backend/package.json
+++ b/backend/package.json
@@ -41,7 +41,7 @@
     "@babel/core": "^7.21.3",
     "@mempool/electrum-client": "1.1.9",
     "@types/node": "^18.15.3",
-    "axios": "~1.5.0",
+    "axios": "~1.6.3",
     "bitcoinjs-lib": "~6.1.3",
     "crypto-js": "~4.1.1",
     "express": "~4.18.2",