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diff --git a/packages/carbon-web-components/package.json b/packages/carbon-web-components/package.json
index 4192697c343..45a66441c3c 100644
--- a/packages/carbon-web-components/package.json
+++ b/packages/carbon-web-components/package.json
@@ -87,7 +87,7 @@
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     "@babel/preset-modules": "^0.1.5",
     "@babel/template": "~7.12.0",
-    "@babel/traverse": "~7.23.0",
+    "@babel/traverse": "~7.23.7",
     "@carbon/icon-helpers": "10.45.1",
     "@carbon/icons": "11.33.0",
     "@open-wc/semantic-dom-diff": "~0.18.0",
diff --git a/packages/web-components/package.json b/packages/web-components/package.json
index f8164348c62..640c6551ddc 100644
--- a/packages/web-components/package.json
+++ b/packages/web-components/package.json
@@ -129,7 +129,7 @@
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     "@babel/preset-react": "~7.12.1",
     "@babel/template": "~7.12.0",
-    "@babel/traverse": "~7.23.0",
+    "@babel/traverse": "~7.23.7",
     "@carbon/ibmdotcom-services-store": "1.53.0",
     "@carbon/icon-helpers": "10.45.1",
     "@carbon/icons": "11.33.0",
diff --git a/yarn.lock b/yarn.lock
index 480befa75bd..a4676268044 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -138,6 +138,16 @@ __metadata:
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+"@babel/code-frame@npm:^7.23.5":
+  version: 7.23.5
+  resolution: "@babel/code-frame@npm:7.23.5"
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+    chalk: "npm:^2.4.2"
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+  languageName: node
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+
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-"@babel/generator@npm:^7.23.0":
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-  resolution: "@babel/generator@npm:7.23.0"
+"@babel/generator@npm:^7.23.3":
+  version: 7.23.3
+  resolution: "@babel/generator@npm:7.23.3"
   dependencies:
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+    "@babel/types": "npm:^7.23.3"
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     "@jridgewell/trace-mapping": "npm:^0.3.17"
     jsesc: "npm:^2.5.1"
-  checksum: bd1598bd356756065d90ce26968dd464ac2b915c67623f6f071fb487da5f9eb454031a380e20e7c9a7ce5c4a49d23be6cb9efde404952b0b3f3c0c3a9b73d68a
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-"@babel/generator@npm:^7.23.3":
-  version: 7.23.3
-  resolution: "@babel/generator@npm:7.23.3"
+"@babel/generator@npm:^7.23.6":
+  version: 7.23.6
+  resolution: "@babel/generator@npm:7.23.6"
   dependencies:
-    "@babel/types": "npm:^7.23.3"
+    "@babel/types": "npm:^7.23.6"
     "@jridgewell/gen-mapping": "npm:^0.3.2"
     "@jridgewell/trace-mapping": "npm:^0.3.17"
     jsesc: "npm:^2.5.1"
-  checksum: 0f815d275cb3de97ec4724b959b3c7a67b1cde1861eda6612b50c6ba22565f12536d1f004dd48e7bad5e059751950265c6ff546ef48b7a719a11d7b512f1e29d
+  checksum: 864090d5122c0aa3074471fd7b79d8a880c1468480cbd28925020a3dcc7eb6e98bedcdb38983df299c12b44b166e30915b8085a7bc126e68fa7e2aadc7bd1ac5
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@@ -1025,6 +1035,17 @@ __metadata:
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+"@babel/highlight@npm:^7.23.4":
+  version: 7.23.4
+  resolution: "@babel/highlight@npm:7.23.4"
+  dependencies:
+    "@babel/helper-validator-identifier": "npm:^7.22.20"
+    chalk: "npm:^2.4.2"
+    js-tokens: "npm:^4.0.0"
+  checksum: 62fef9b5bcea7131df4626d009029b1ae85332042f4648a4ce6e740c3fd23112603c740c45575caec62f260c96b11054d3be5987f4981a5479793579c3aac71f
+  languageName: node
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+
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   resolution: "@babel/parser@npm:7.0.0-rc.0"
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   bin:
@@ -1070,6 +1091,15 @@ __metadata:
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+"@babel/parser@npm:^7.23.6":
+  version: 7.23.6
+  resolution: "@babel/parser@npm:7.23.6"
+  bin:
+    parser: ./bin/babel-parser.js
+  checksum: 6be3a63d3c9d07b035b5a79c022327cb7e16cbd530140ecb731f19a650c794c315a72c699a22413ebeafaff14aa8f53435111898d59e01a393d741b85629fa7d
+  languageName: node
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+
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   resolution: "@babel/plugin-bugfix-safari-id-destructuring-collision-in-function-expression@npm:7.22.15"
@@ -4043,21 +4073,21 @@ __metadata:
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-"@babel/traverse@npm:~7.23.0":
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-  resolution: "@babel/traverse@npm:7.23.2"
+"@babel/traverse@npm:~7.23.7":
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+  resolution: "@babel/traverse@npm:7.23.7"
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-    "@babel/generator": "npm:^7.23.0"
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-    "@babel/parser": "npm:^7.23.0"
-    "@babel/types": "npm:^7.23.0"
-    debug: "npm:^4.1.0"
+    "@babel/parser": "npm:^7.23.6"
+    "@babel/types": "npm:^7.23.6"
+    debug: "npm:^4.3.1"
     globals: "npm:^11.1.0"
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     "@babel/preset-react": "npm:~7.12.1"
     "@babel/template": "npm:~7.12.0"
-    "@babel/traverse": "npm:~7.23.0"
+    "@babel/traverse": "npm:~7.23.7"
     "@carbon/ibmdotcom-services": "npm:2.1.0"
     "@carbon/ibmdotcom-services-store": "npm:1.53.0"
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@@ -4682,7 +4712,7 @@ __metadata:
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-    "@babel/traverse": "npm:~7.23.0"
+    "@babel/traverse": "npm:~7.23.7"
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@@ -15460,7 +15490,7 @@ __metadata:
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