diff --git a/package.json b/package.json
index e05415418f..c7913f0f84 100644
--- a/package.json
+++ b/package.json
@@ -91,7 +91,7 @@
     "@types/node": "^17.0.18",
     "@typescript-eslint/eslint-plugin": "^5.38.1",
     "@typescript-eslint/parser": "^5.38.1",
-    "axios": "^0.27.2",
+    "axios": "^1.1.3",
     "comment-json": "^4.2.3",
     "eslint": "^8.24.0",
     "eslint-plugin-functional": "^4.4.0",
diff --git a/packages/airnode-adapter/package.json b/packages/airnode-adapter/package.json
index 57a00b2cc1..6e2ec3f32a 100644
--- a/packages/airnode-adapter/package.json
+++ b/packages/airnode-adapter/package.json
@@ -21,7 +21,7 @@
   "dependencies": {
     "@api3/ois": "1.2.0",
     "@api3/promise-utils": "^0.3.0",
-    "axios": "^0.27.2",
+    "axios": "^1.1.3",
     "bignumber.js": "^9.1.0",
     "ethers": "^5.7.1",
     "lodash": "^4.17.21"
diff --git a/yarn.lock b/yarn.lock
index db3a5118fa..7a3a7510a8 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4099,15 +4099,7 @@ axios@^0.21.0, axios@^0.21.1:
   dependencies:
     follow-redirects "^1.14.0"
 
-axios@^0.27.2:
-  version "0.27.2"
-  resolved "https://registry.yarnpkg.com/axios/-/axios-0.27.2.tgz#207658cc8621606e586c85db4b41a750e756d972"
-  integrity sha512-t+yRIyySRTp/wua5xEr+z1q60QmLq8ABsS5O9Me1AsE5dfKqgnCFzwiCZZ/cGNd1lq4/7akDWMxdhVlucjmnOQ==
-  dependencies:
-    follow-redirects "^1.14.9"
-    form-data "^4.0.0"
-
-axios@^1.0.0:
+axios@^1.0.0, axios@^1.1.3:
   version "1.1.3"
   resolved "https://registry.yarnpkg.com/axios/-/axios-1.1.3.tgz#8274250dada2edf53814ed7db644b9c2866c1e35"
   integrity sha512-00tXVRwKx/FZr/IDVFt4C+f9FYairX517WoGCL6dpOntqLkZofjhu43F/Xl44UOpqa+9sLFDrG/XAnFsUYgkDA==
@@ -8335,7 +8327,7 @@ fmix@^0.1.0:
   dependencies:
     imul "^1.0.0"
 
-follow-redirects@^1.12.1, follow-redirects@^1.14.0, follow-redirects@^1.14.9, follow-redirects@^1.15.0:
+follow-redirects@^1.12.1, follow-redirects@^1.14.0, follow-redirects@^1.15.0:
   version "1.15.2"
   resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.15.2.tgz#b460864144ba63f2681096f274c4e57026da2c13"
   integrity sha512-VQLG33o04KaQ8uYi2tVNbdrWp1QWxNNea+nmIB4EVM28v0hmP17z7aG1+wAkNzVq4KeXTq3221ye5qTJP91JwA==