Update axios peer dependency (security)

[bsShoham]

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What kind of change does this PR introduce?

• Bugfix
• Feature
• Code style update (formatting, local variables)
• Refactoring (no functional changes, no api changes)
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After updating axios dependency because of security issues (#1173), also making sure the peer dependency is updated.

Does this PR introduce a breaking change?

• Yes
• No

[micalevisk]

since we are using the ^ symbol, version 1.7.4 is covered already with ^1.3.1 semver range. So we don't need to update the peer dep entry.