diff --git a/package.json b/package.json
index 2dfba2b..2ed8263 100644
--- a/package.json
+++ b/package.json
@@ -26,16 +26,16 @@
   },
   "homepage": "https://github.com/CloudNativeEntrepreneur/knativebus#readme",
   "dependencies": {
-    "@babel/runtime": "7.17.8",
+    "@babel/runtime": "7.24.0",
     "axios": "0.26.1",
     "axios-retry": "^3.1.9",
     "cloudevents": "5.3.2",
     "debug": "4.3.4"
   },
   "devDependencies": {
-    "@babel/cli": "7.17.6",
-    "@babel/plugin-transform-runtime": "7.17.0",
-    "@babel/preset-env": "7.16.11",
+    "@babel/cli": "7.23.9",
+    "@babel/plugin-transform-runtime": "7.24.0",
+    "@babel/preset-env": "7.24.0",
     "codecov": "3.8.3",
     "eslint": "8.1.0",
     "eslint-config-standard": "16.0.3",