diff --git a/package-lock.json b/package-lock.json
index af256c8f5e61..33d90fe793ec 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -20,7 +20,7 @@
         "@edx/frontend-component-cookie-policy-banner": "2.2.0",
         "@edx/paragon": "2.6.4",
         "@edx/studio-frontend": "^2.1.0",
-        "axios": "^0.27.2",
+        "axios": "^0.28.0",
         "babel-loader": "^9.1.3",
         "babel-plugin-transform-class-properties": "6.24.1",
         "babel-polyfill": "6.26.0",
@@ -4620,12 +4620,14 @@
       }
     },
     "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/axobject-query": {
@@ -19314,6 +19316,12 @@
         "react": ">=0.14.0"
       }
     },
+    "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/pseudomap": {
       "version": "1.0.2",
       "resolved": "https://registry.npmjs.org/pseudomap/-/pseudomap-1.0.2.tgz",
diff --git a/package.json b/package.json
index f7c770f6220d..118e1c65d2ac 100644
--- a/package.json
+++ b/package.json
@@ -26,7 +26,7 @@
     "@edx/frontend-component-cookie-policy-banner": "2.2.0",
     "@edx/paragon": "2.6.4",
     "@edx/studio-frontend": "^2.1.0",
-    "axios": "^0.27.2",
+    "axios": "^0.28.0",
     "babel-loader": "^9.1.3",
     "babel-plugin-transform-class-properties": "6.24.1",
     "babel-polyfill": "6.26.0",