diff --git a/packages/gatsby-plugin-image/package.json b/packages/gatsby-plugin-image/package.json
index a65d167bd39f2..0a0479ec68833 100644
--- a/packages/gatsby-plugin-image/package.json
+++ b/packages/gatsby-plugin-image/package.json
@@ -64,7 +64,7 @@
     "microbundle": "^0.12.4",
     "npm-run-all": "^4.1.5",
     "postcss": "^8.1.4",
-    "terser": "^5.3.3",
+    "terser": "^5.3.8",
     "typescript": "^3.9.5"
   },
   "peerDependencies": {
diff --git a/yarn.lock b/yarn.lock
index 89eae6e151266..e2fd751313afa 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -23879,10 +23879,10 @@ terser@^4.0.0, terser@^4.1.2, terser@^4.6.12, terser@^4.6.2:
     source-map "~0.6.1"
     source-map-support "~0.5.12"
 
-terser@^5.3.3:
-  version "5.3.4"
-  resolved "https://registry.yarnpkg.com/terser/-/terser-5.3.4.tgz#e510e05f86e0bd87f01835c3238839193f77a60c"
-  integrity sha512-dxuB8KQo8Gt6OVOeLg/rxfcxdNZI/V1G6ze1czFUzPeCFWZRtvZMgSzlZZ5OYBZ4HoG607F6pFPNLekJyV+yVw==
+terser@^5.3.8:
+  version "5.3.8"
+  resolved "https://registry.yarnpkg.com/terser/-/terser-5.3.8.tgz#991ae8ba21a3d990579b54aa9af11586197a75dd"
+  integrity sha512-zVotuHoIfnYjtlurOouTazciEfL7V38QMAOhGqpXDEg6yT13cF4+fEP9b0rrCEQTn+tT46uxgFsTZzhygk+CzQ==
   dependencies:
     commander "^2.20.0"
     source-map "~0.7.2"