diff --git a/.changeset/renovate-e64403c.md b/.changeset/renovate-e64403c.md
new file mode 100644
index 0000000000..278bdf566a
--- /dev/null
+++ b/.changeset/renovate-e64403c.md
@@ -0,0 +1,6 @@
+---
+'@backstage/plugin-cost-insights': patch
+'@backstage/plugin-proxy-backend': patch
+---
+
+Updated dependency `@types/yup` to `^0.32.0`.
diff --git a/plugins/cost-insights/package.json b/plugins/cost-insights/package.json
index 6be872f9cd..3a18b8a2e7 100644
--- a/plugins/cost-insights/package.json
+++ b/plugins/cost-insights/package.json
@@ -72,7 +72,7 @@
     "@types/pluralize": "^0.0.33",
     "@types/recharts": "^1.8.14",
     "@types/regression": "^2.0.0",
-    "@types/yup": "^0.29.13",
+    "@types/yup": "^0.32.0",
     "canvas": "^2.10.2"
   },
   "peerDependencies": {
diff --git a/plugins/proxy-backend/package.json b/plugins/proxy-backend/package.json
index 3b4e42754a..ff1971b08b 100644
--- a/plugins/proxy-backend/package.json
+++ b/plugins/proxy-backend/package.json
@@ -71,7 +71,7 @@
     "@types/http-proxy-middleware": "^0.19.3",
     "@types/supertest": "^2.0.8",
     "@types/uuid": "^9.0.0",
-    "@types/yup": "^0.29.13",
+    "@types/yup": "^0.32.0",
     "msw": "^1.0.0",
     "supertest": "^6.1.3"
   },
diff --git a/yarn.lock b/yarn.lock
index b7a8b0ce2c..8072c8432b 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -6409,7 +6409,7 @@ __metadata:
     "@types/react": ^16.13.1 || ^17.0.0 || ^18.0.0
     "@types/recharts": ^1.8.14
     "@types/regression": ^2.0.0
-    "@types/yup": ^0.29.13
+    "@types/yup": ^0.32.0
     canvas: ^2.10.2
     classnames: ^2.2.6
     history: ^5.0.0
@@ -8353,7 +8353,7 @@ __metadata:
     "@types/http-proxy-middleware": ^0.19.3
     "@types/supertest": ^2.0.8
     "@types/uuid": ^9.0.0
-    "@types/yup": ^0.29.13
+    "@types/yup": ^0.32.0
     express: ^4.17.1
     express-promise-router: ^4.1.0
     http-proxy-middleware: ^2.0.0
@@ -20030,10 +20030,12 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@types/yup@npm:^0.29.13":
-  version: 0.29.14
-  resolution: "@types/yup@npm:0.29.14"
-  checksum: 291b6c2f06761bfb2be4c551e2c675a0b48512192850ca547837389de8422707b2a2cf50f50e64ea3caf5ddf41cfa36f0ce4bdb820f86ba1f074eabd0e272c2b
+"@types/yup@npm:^0.32.0":
+  version: 0.32.0
+  resolution: "@types/yup@npm:0.32.0"
+  dependencies:
+    yup: "*"
+  checksum: 5b30f1118bca288d949bcd4c7e17d1425ffa320eddd751a78c895b158fae0b6cbf242ced45ad47e9e70643c9475da09a7ad004192fb6f2111791d37e6a627e73
   languageName: node
   linkType: hard
 
@@ -46533,7 +46535,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"yup@npm:^1.0.0":
+"yup@npm:*, yup@npm:^1.0.0":
   version: 1.4.0
   resolution: "yup@npm:1.4.0"
   dependencies: