diff --git a/package-lock.json b/package-lock.json
index 655fc7e9..db470b0b 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "orbs-client-sdk",
-  "version": "2.4.2",
+  "version": "2.5.0",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
@@ -2197,12 +2197,18 @@
       "dev": true
     },
     "axios": {
-      "version": "0.18.1",
-      "resolved": "https://registry.npmjs.org/axios/-/axios-0.18.1.tgz",
-      "integrity": "sha512-0BfJq4NSfQXd+SkFdrvFbG7addhYSBA2mQwISr46pD6E5iqkWg02RAs8vyTT/j0RTnoYmeXauBuSv1qKwR179g==",
+      "version": "0.21.1",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-0.21.1.tgz",
+      "integrity": "sha512-dKQiRHxGD9PPRIUNIWvZhPTPpl1rf/OxTYKsqKUDjBwYylTvV7SjSHJb9ratfyzM6wCdLCOYLzs73qpg5c4iGA==",
       "requires": {
-        "follow-redirects": "1.5.10",
-        "is-buffer": "^2.0.2"
+        "follow-redirects": "^1.10.0"
+      },
+      "dependencies": {
+        "follow-redirects": {
+          "version": "1.13.1",
+          "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.13.1.tgz",
+          "integrity": "sha512-SSG5xmZh1mkPGyKzjZP8zLjltIfpW32Y5QpdNJyjcfGxK3qo3NDDkZOZSFiGn1A6SclQxY9GzEwAHQ3dmYRWpg=="
+        }
       }
     },
     "babel-code-frame": {
@@ -4299,6 +4305,7 @@
       "version": "3.1.0",
       "resolved": "https://registry.npmjs.org/debug/-/debug-3.1.0.tgz",
       "integrity": "sha512-OX8XqP7/1a9cqkxYw2yXss15f26NKWBpDXQd0/uK/KPqdQhxbPa994hnzjcE2VqQpDslf55723cKPUOGSmMY3g==",
+      "dev": true,
       "requires": {
         "ms": "2.0.0"
       }
@@ -5682,6 +5689,7 @@
       "version": "1.5.10",
       "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.5.10.tgz",
       "integrity": "sha512-0V5l4Cizzvqt5D44aTXbFZz+FtyXV1vrDN6qrelxtfYQKW0KO0W2T/hkE8xvGa/540LkZlkaUjO4ailYTFtHVQ==",
+      "dev": true,
       "requires": {
         "debug": "=3.1.0"
       }
@@ -7275,11 +7283,6 @@
         "binary-extensions": "^1.0.0"
       }
     },
-    "is-buffer": {
-      "version": "2.0.3",
-      "resolved": "https://registry.npmjs.org/is-buffer/-/is-buffer-2.0.3.tgz",
-      "integrity": "sha512-U15Q7MXTuZlrbymiz95PJpZxu8IlipAp4dtS3wOdgPXx3mqBnslrWU14kxfHB+Py/+2PVKSr37dMAgM2A4uArw=="
-    },
     "is-callable": {
       "version": "1.1.4",
       "resolved": "https://registry.npmjs.org/is-callable/-/is-callable-1.1.4.tgz",
@@ -10217,7 +10220,8 @@
     "ms": {
       "version": "2.0.0",
       "resolved": "https://registry.npmjs.org/ms/-/ms-2.0.0.tgz",
-      "integrity": "sha1-VgiurfwAvmwpAd9fmGF4jeDVl8g="
+      "integrity": "sha1-VgiurfwAvmwpAd9fmGF4jeDVl8g=",
+      "dev": true
     },
     "multicast-dns": {
       "version": "6.2.3",
diff --git a/package.json b/package.json
index d5b6e6ec..1a5ab429 100644
--- a/package.json
+++ b/package.json
@@ -56,7 +56,7 @@
     "webpack-dev-server": "^3.7.2"
   },
   "dependencies": {
-    "axios": "^0.18.0",
+    "axios": "^0.21.1",
     "elliptic": "^6.4.1",
     "fast-text-encoding": "^1.0.0",
     "get-random-values": "^1.2.0",