diff --git a/package-lock.json b/package-lock.json
index f34605d7..988121ce 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -25,7 +25,7 @@
         "@mojaloop/ml-schema-transformer-lib": "2.7.0",
         "@mojaloop/sdk-standard-components": "19.11.2",
         "@now-ims/hapi-now-auth": "2.1.0",
-        "axios": "1.8.4",
+        "axios": "1.12.0",
         "blipp": "4.0.2",
         "commander": "13.1.0",
         "docdash": "2.0.2",
@@ -1494,6 +1494,17 @@
         "url": "https://opencollective.com/ioredis"
       }
     },
+    "node_modules/@mojaloop/central-services-shared/node_modules/axios": {
+      "version": "1.8.4",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.8.4.tgz",
+      "integrity": "sha512-eBSYY4Y68NNlHbHBMdeDmKNtDgXWhQsJcGqzO3iLUM0GraQFSS9cVgPX5I9b3lbdFKyYoAEGAZF1DwhTaljNAw==",
+      "license": "MIT",
+      "dependencies": {
+        "follow-redirects": "^1.15.6",
+        "form-data": "^4.0.0",
+        "proxy-from-env": "^1.1.0"
+      }
+    },
     "node_modules/@mojaloop/central-services-stream": {
       "version": "11.5.2",
       "resolved": "https://registry.npmjs.org/@mojaloop/central-services-stream/-/central-services-stream-11.5.2.tgz",
@@ -1634,6 +1645,17 @@
         "jws": "4.0.0"
       }
     },
+    "node_modules/@mojaloop/sdk-standard-components/node_modules/axios": {
+      "version": "1.8.4",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.8.4.tgz",
+      "integrity": "sha512-eBSYY4Y68NNlHbHBMdeDmKNtDgXWhQsJcGqzO3iLUM0GraQFSS9cVgPX5I9b3lbdFKyYoAEGAZF1DwhTaljNAw==",
+      "license": "MIT",
+      "dependencies": {
+        "follow-redirects": "^1.15.6",
+        "form-data": "^4.0.0",
+        "proxy-from-env": "^1.1.0"
+      }
+    },
     "node_modules/@mojaloop/sdk-standard-components/node_modules/ilp-packet": {
       "version": "3.1.3",
       "resolved": "https://registry.npmjs.org/ilp-packet/-/ilp-packet-3.1.3.tgz",
@@ -2491,12 +2513,13 @@
       }
     },
     "node_modules/axios": {
-      "version": "1.8.4",
-      "resolved": "https://registry.npmjs.org/axios/-/axios-1.8.4.tgz",
-      "integrity": "sha512-eBSYY4Y68NNlHbHBMdeDmKNtDgXWhQsJcGqzO3iLUM0GraQFSS9cVgPX5I9b3lbdFKyYoAEGAZF1DwhTaljNAw==",
+      "version": "1.12.0",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.12.0.tgz",
+      "integrity": "sha512-oXTDccv8PcfjZmPGlWsPSwtOJCZ/b6W5jAMCNcfwJbCzDckwG0jrYJFaWH1yvivfCXjVzV/SPDEhMB3Q+DSurg==",
+      "license": "MIT",
       "dependencies": {
         "follow-redirects": "^1.15.6",
-        "form-data": "^4.0.0",
+        "form-data": "^4.0.4",
         "proxy-from-env": "^1.1.0"
       }
     },
@@ -5803,13 +5826,15 @@
       }
     },
     "node_modules/form-data": {
-      "version": "4.0.2",
-      "resolved": "https://registry.npmjs.org/form-data/-/form-data-4.0.2.tgz",
-      "integrity": "sha512-hGfm/slu0ZabnNt4oaRZ6uREyfCj6P4fT/n6A1rGV+Z0VdGXjfOhVUpkn6qVQONHGIFwmveGXyDs75+nr6FM8w==",
+      "version": "4.0.4",
+      "resolved": "https://registry.npmjs.org/form-data/-/form-data-4.0.4.tgz",
+      "integrity": "sha512-KrGhL9Q4zjj0kiUt5OO4Mr/A/jlI2jDYs5eHBpYHPcBEVSiipAvn2Ko2HnPe20rmcuuvMHNdZFp+4IlGTMF0Ow==",
+      "license": "MIT",
       "dependencies": {
         "asynckit": "^0.4.0",
         "combined-stream": "^1.0.8",
         "es-set-tostringtag": "^2.1.0",
+        "hasown": "^2.0.2",
         "mime-types": "^2.1.12"
       },
       "engines": {
diff --git a/package.json b/package.json
index 37d4221f..e416b44a 100644
--- a/package.json
+++ b/package.json
@@ -86,7 +86,7 @@
     "@mojaloop/ml-schema-transformer-lib": "2.7.0",
     "@mojaloop/sdk-standard-components": "19.11.2",
     "@now-ims/hapi-now-auth": "2.1.0",
-    "axios": "1.8.4",
+    "axios": "1.12.0",
     "blipp": "4.0.2",
     "commander": "13.1.0",
     "docdash": "2.0.2",