diff --git a/package.json b/package.json
index 565fca8..d6e266c 100644
--- a/package.json
+++ b/package.json
@@ -33,7 +33,7 @@
     "node": ">=10.0.0"
   },
   "dependencies": {
-    "axios": "1.13.5"
+    "axios": "1.16.0"
   },
   "homepage": "https://github.com/circlefin/circle-nodejs-sdk#readme",
   "publishConfig": {
diff --git a/yarn.lock b/yarn.lock
index d4dd284..cb900a3 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1305,14 +1305,14 @@ axios@0.26.1:
   dependencies:
     follow-redirects "^1.14.8"
 
-axios@1.13.5:
-  version "1.13.5"
-  resolved "https://registry.yarnpkg.com/axios/-/axios-1.13.5.tgz#5e464688fa127e11a660a2c49441c009f6567a43"
-  integrity sha512-cz4ur7Vb0xS4/KUN0tPWe44eqxrIu31me+fbang3ijiNscE129POzipJJA6zniq2C/Z6sJCjMimjS8Lc/GAs8Q==
+axios@1.16.0:
+  version "1.16.0"
+  resolved "https://registry.yarnpkg.com/axios/-/axios-1.16.0.tgz#f8e5dd931cef2a5f8c32216d5784eda2f8750eb7"
+  integrity sha512-6hp5CwvTPlN2A31g5dxnwAX0orzM7pmCRDLnZSX772mv8WDqICwFjowHuPs04Mc8deIld1+ejhtaMn5vp6b+1w==
   dependencies:
-    follow-redirects "^1.15.11"
+    follow-redirects "^1.16.0"
     form-data "^4.0.5"
-    proxy-from-env "^1.1.0"
+    proxy-from-env "^2.1.0"
 
 babel-jest@^28.1.3:
   version "28.1.3"
@@ -2386,10 +2386,10 @@ flatted@^3.1.0:
   resolved "https://registry.yarnpkg.com/flatted/-/flatted-3.2.6.tgz#022e9218c637f9f3fc9c35ab9c9193f05add60b2"
   integrity sha512-0sQoMh9s0BYsm+12Huy/rkKxVu4R1+r96YX5cG44rHV0pQ6iC3Q+mkoMFaGWObMFYQxCVT+ssG1ksneA2MI9KQ==
 
-follow-redirects@^1.14.8, follow-redirects@^1.15.11:
-  version "1.15.11"
-  resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.15.11.tgz#777d73d72a92f8ec4d2e410eb47352a56b8e8340"
-  integrity sha512-deG2P0JfjrTxl50XGCDyfI97ZGVCxIpfKYmfyrQ54n5FO/0gfIES8C/Psl6kWVDolizcaaxZJnTS0QSMxvnsBQ==
+follow-redirects@^1.14.8, follow-redirects@^1.16.0:
+  version "1.16.0"
+  resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.16.0.tgz#28474a159d3b9d11ef62050a14ed60e4df6d61bc"
+  integrity sha512-y5rN/uOsadFT/JfYwhxRS5R7Qce+g3zG97+JrtFZlC9klX/W5hD7iiLzScI4nZqUS7DNUdhPgw4xI8W2LuXlUw==
 
 form-data@^4.0.5:
   version "4.0.5"
@@ -3934,10 +3934,10 @@ prompts@^2.0.1:
     kleur "^3.0.3"
     sisteransi "^1.0.5"
 
-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-from-env@^2.1.0:
+  version "2.1.0"
+  resolved "https://registry.yarnpkg.com/proxy-from-env/-/proxy-from-env-2.1.0.tgz#a7487568adad577cfaaa7e88c49cab3ab3081aba"
+  integrity sha512-cJ+oHTW1VAEa8cJslgmUZrc+sjRKgAKl3Zyse6+PV38hZe/V6Z14TbCuXcan9F9ghlz4QrFr2c92TNF82UkYHA==
 
 punycode@^2.1.0:
   version "2.1.1"