diff --git a/modules/st2-api/package.json b/modules/st2-api/package.json
index 59ef769c5..0bda6eba4 100644
--- a/modules/st2-api/package.json
+++ b/modules/st2-api/package.json
@@ -27,7 +27,7 @@
     "access": "public"
   },
   "dependencies": {
-    "axios": "^0.21.1",
+    "axios": "^0.28.0",
     "lodash": "4.17.21",
     "moxios": "^0.4.0",
     "react": "16.8.6",
diff --git a/package.json b/package.json
index ca89fc07f..ab7d028e0 100644
--- a/package.json
+++ b/package.json
@@ -69,7 +69,7 @@
     "@stackstorm/module-router": "^2.4.3",
     "@stackstorm/module-store": "^2.4.3",
     "acorn": "^6.4.1",
-    "axios": "^0.24.0",
+    "axios": "^0.28.0",
     "elliptic": "^6.5.4",
     "glob-parent": "^6.0.2",
     "js-yaml": "^3.13.1",
diff --git a/yarn.lock b/yarn.lock
index 896a763ac..44cc24978 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2452,19 +2452,14 @@ axios@0.18.0:
     follow-redirects "^1.3.0"
     is-buffer "^1.1.5"
 
-axios@^0.21.1:
-  version "0.21.4"
-  resolved "https://registry.yarnpkg.com/axios/-/axios-0.21.4.tgz#c67b90dc0568e5c1cf2b0b858c43ba28e2eda575"
-  integrity sha512-ut5vewkiu8jjGBdqpM44XxjuCjq9LAKeHVmoVfHVzy8eHgxxq8SbAVQNovDA8mVi05kP0Ea/n/UzcSHcTJQfNg==
+axios@^0.28.0:
+  version "0.28.1"
+  resolved "https://registry.yarnpkg.com/axios/-/axios-0.28.1.tgz#2a7bcd34a3837b71ee1a5ca3762214b86b703e70"
+  integrity sha512-iUcGA5a7p0mVb4Gm/sy+FSECNkPFT4y7wt6OM/CDpO/OnNCvSs3PoMG8ibrC9jRoGYU0gUK5pXVC4NPXq6lHRQ==
   dependencies:
-    follow-redirects "^1.14.0"
-
-axios@^0.24.0:
-  version "0.24.0"
-  resolved "https://registry.yarnpkg.com/axios/-/axios-0.24.0.tgz#804e6fa1e4b9c5288501dd9dff56a7a0940d20d6"
-  integrity sha512-Q6cWsys88HoPgAaFAVUb0WpPk0O8iTeisR9IMqy9G8AbO4NlpVknrnQS03zzF9PGAWgO3cgletO3VjV/P7VztA==
-  dependencies:
-    follow-redirects "^1.14.4"
+    follow-redirects "^1.15.0"
+    form-data "^4.0.0"
+    proxy-from-env "^1.1.0"
 
 babel-eslint@10.0.1:
   version "10.0.1"
@@ -3384,7 +3379,7 @@ combine-source-map@^0.8.0, combine-source-map@~0.8.0:
     lodash.memoize "~3.0.3"
     source-map "~0.5.3"
 
-combined-stream@^1.0.5, combined-stream@^1.0.6, combined-stream@~1.0.6:
+combined-stream@^1.0.5, combined-stream@^1.0.6, combined-stream@^1.0.8, combined-stream@~1.0.6:
   version "1.0.8"
   resolved "https://registry.yarnpkg.com/combined-stream/-/combined-stream-1.0.8.tgz#c3d45a8b34fd730631a110a8a2520682b31d5a7f"
   integrity sha512-FQN4MRfuJeHf7cBbBMJFXhKSDq+2kAArBlmRBvcvFE5BB1HZKXtSFASDhdlz9zOYwxh8lDdnvmMOe/+5cdoEdg==
@@ -5269,7 +5264,12 @@ flush-write-stream@^1.0.0, flush-write-stream@^1.0.2:
     inherits "^2.0.3"
     readable-stream "^2.3.6"
 
-follow-redirects@^1.14.0, follow-redirects@^1.14.4, follow-redirects@^1.3.0:
+follow-redirects@^1.15.0:
+  version "1.15.6"
+  resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.15.6.tgz#7f815c0cda4249c74ff09e95ef97c23b5fd0399b"
+  integrity sha512-wWN62YITEaOpSK584EZXJafH1AGpO8RVgElfkuXbTOrPX4fIfOyEpW/CsiNd8JdYrAoOvafRTOEnvsO++qCqFA==
+
+follow-redirects@^1.3.0:
   version "1.15.3"
   resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.15.3.tgz#fe2f3ef2690afce7e82ed0b44db08165b207123a"
   integrity sha512-1VzOtuEM8pC9SFU1E+8KfTjZyMztRsgEfwQl44z8A25uy13jSzTj6dyK2Df52iV0vgHCfBwLhDWevLn95w5v6Q==
@@ -5328,6 +5328,15 @@ form-data@^1.0.0-rc3:
     combined-stream "^1.0.5"
     mime-types "^2.1.11"
 
+form-data@^4.0.0:
+  version "4.0.0"
+  resolved "https://registry.yarnpkg.com/form-data/-/form-data-4.0.0.tgz#93919daeaf361ee529584b9b31664dc12c9fa452"
+  integrity sha512-ETEklSGi5t0QMZuiXoA/Q6vcnxcLQP5vdugSpuAyi6SVGi2clPPp+xgEhuMaHC+zGgn31Kd235W35f7Hykkaww==
+  dependencies:
+    asynckit "^0.4.0"
+    combined-stream "^1.0.8"
+    mime-types "^2.1.12"
+
 form-data@~2.3.2:
   version "2.3.3"
   resolved "https://registry.yarnpkg.com/form-data/-/form-data-2.3.3.tgz#dcce52c05f644f298c6a7ab936bd724ceffbf3a6"
@@ -10055,6 +10064,11 @@ protoduck@^5.0.1:
   dependencies:
     genfun "^5.0.0"
 
+proxy-from-env@^1.1.0:
+  version "1.1.0"
+  resolved "https://registry.yarnpkg.com/proxy-from-env/-/proxy-from-env-1.1.0.tgz#e102f16ca355424865755d2c9e8ea4f24d58c3e2"
+  integrity sha512-D+zkORCbA9f1tdWRK0RaCR3GPv50cMxcrz4X8k5LTSUD1Dkw47mKJEZQNunItRTkWwgtaUSo1RVFRIG9ZXiFYg==
+
 proxy-middleware@^0.5.0:
   version "0.5.1"
   resolved "https://registry.yarnpkg.com/proxy-middleware/-/proxy-middleware-0.5.1.tgz#da24d5d58c1ddf13dad237c7eca503849eaea903"