diff --git a/extensions/sequelize/package.json b/extensions/sequelize/package.json
index dfde49784f2e..a1cb1729875d 100644
--- a/extensions/sequelize/package.json
+++ b/extensions/sequelize/package.json
@@ -57,7 +57,7 @@
     "@loopback/testlab": "^8.0.8",
     "@types/node": "^16.18.126",
     "oracledb": "^6.10.0",
-    "pg": "^8.17.2",
+    "pg": "^8.18.0",
     "pg-hstore": "^2.3.4",
     "sqlite3": "5.1.7",
     "typescript": "~5.2.2"
diff --git a/package-lock.json b/package-lock.json
index 975e65c40537..72222a76da22 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1639,7 +1639,7 @@
         "@loopback/testlab": "^8.0.8",
         "@types/node": "^16.18.126",
         "oracledb": "^6.10.0",
-        "pg": "^8.17.2",
+        "pg": "^8.18.0",
         "pg-hstore": "^2.3.4",
         "sqlite3": "5.1.7",
         "typescript": "~5.2.2"
@@ -30860,13 +30860,13 @@
       "integrity": "sha512-7EAHlyLHI56VEIdK57uwHdHKIaAGbnXPiw0yWbarQZOKaKpvUIgW0jWRVLiatnM+XXlSwsanIBH/hzGMJulMow=="
     },
     "node_modules/pg": {
-      "version": "8.17.2",
-      "resolved": "https://registry.npmjs.org/pg/-/pg-8.17.2.tgz",
-      "integrity": "sha512-vjbKdiBJRqzcYw1fNU5KuHyYvdJ1qpcQg1CeBrHFqV1pWgHeVR6j/+kX0E1AAXfyuLUGY1ICrN2ELKA/z2HWzw==",
+      "version": "8.18.0",
+      "resolved": "https://registry.npmjs.org/pg/-/pg-8.18.0.tgz",
+      "integrity": "sha512-xqrUDL1b9MbkydY/s+VZ6v+xiMUmOUk7SS9d/1kpyQxoJ6U9AO1oIJyUWVZojbfe5Cc/oluutcgFG4L9RDP1iQ==",
       "devOptional": true,
       "license": "MIT",
       "dependencies": {
-        "pg-connection-string": "^2.10.1",
+        "pg-connection-string": "^2.11.0",
         "pg-pool": "^3.11.0",
         "pg-protocol": "^1.11.0",
         "pg-types": "2.2.0",
@@ -30895,9 +30895,9 @@
       "optional": true
     },
     "node_modules/pg-connection-string": {
-      "version": "2.10.1",
-      "resolved": "https://registry.npmjs.org/pg-connection-string/-/pg-connection-string-2.10.1.tgz",
-      "integrity": "sha512-iNzslsoeSH2/gmDDKiyMqF64DATUCWj3YJ0wP14kqcsf2TUklwimd+66yYojKwZCA7h2yRNLGug71hCBA2a4sw==",
+      "version": "2.11.0",
+      "resolved": "https://registry.npmjs.org/pg-connection-string/-/pg-connection-string-2.11.0.tgz",
+      "integrity": "sha512-kecgoJwhOpxYU21rZjULrmrBJ698U2RxXofKVzOn5UDj61BPj/qMb7diYUR1nLScCDbrztQFl1TaQZT0t1EtzQ==",
       "license": "MIT"
     },
     "node_modules/pg-hstore": {