diff --git a/package.json b/package.json
index 8e6d3e0cb6b..3b41f46ac23 100644
--- a/package.json
+++ b/package.json
@@ -96,7 +96,7 @@
         "graphemer": "^1.4.0",
         "highlight.js": "^11.3.1",
         "html-entities": "^2.0.0",
-        "is-ip": "^3.1.0",
+        "is-ip": "^5.0.0",
         "jszip": "^3.7.0",
         "katex": "^0.16.0",
         "linkify-element": "4.1.3",
diff --git a/src/utils/permalinks/Permalinks.ts b/src/utils/permalinks/Permalinks.ts
index 9af7476a39d..0d6672572cf 100644
--- a/src/utils/permalinks/Permalinks.ts
+++ b/src/utils/permalinks/Permalinks.ts
@@ -14,7 +14,7 @@ See the License for the specific language governing permissions and
 limitations under the License.
 */
 
-import isIp from "is-ip";
+import { isIP } from "is-ip";
 import * as utils from "matrix-js-sdk/src/utils";
 import { Room, MatrixClient, RoomStateEvent, EventType } from "matrix-js-sdk/src/matrix";
 import { logger } from "matrix-js-sdk/src/logger";
@@ -470,7 +470,7 @@ function isHostnameIpAddress(hostname: string): boolean {
         hostname = hostname.substring(1, hostname.length - 1);
     }
 
-    return isIp(hostname);
+    return isIP(hostname);
 }
 
 export const calculateRoomVia = (room: Room): string[] => {
diff --git a/yarn.lock b/yarn.lock
index f8ca1122579..659258834f5 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4257,6 +4257,13 @@ clone-deep@^4.0.1:
     kind-of "^6.0.2"
     shallow-clone "^3.0.0"
 
+clone-regexp@^3.0.0:
+  version "3.0.0"
+  resolved "https://registry.yarnpkg.com/clone-regexp/-/clone-regexp-3.0.0.tgz#c6dd5c6b85482306778f3dc4ac2bb967079069c2"
+  integrity sha512-ujdnoq2Kxb8s3ItNBtnYeXdm07FcU0u8ARAT1lQ2YdMwQC+cdiXX8KoqMVuglztILivceTtp4ivqGSmEmhBUJw==
+  dependencies:
+    is-regexp "^3.0.0"
+
 co@^4.6.0:
   version "4.6.0"
   resolved "https://registry.yarnpkg.com/co/-/co-4.6.0.tgz#6ea6bdf3d853ae54ccb8e47bfa0bf3f9031fb184"
@@ -4398,6 +4405,11 @@ content-type@^1.0.4, content-type@~1.0.4:
   resolved "https://registry.yarnpkg.com/content-type/-/content-type-1.0.5.tgz#8b773162656d1d1086784c8f23a54ce6d73d7918"
   integrity sha512-nTjqfcBFEipKdXCv4YDQWCfmcLZKm81ldF0pAopTvyrFGVbcR6P/VAAd5G7N+0tTr8QqiU0tFadD6FK4NtJwOA==
 
+convert-hrtime@^5.0.0:
+  version "5.0.0"
+  resolved "https://registry.yarnpkg.com/convert-hrtime/-/convert-hrtime-5.0.0.tgz#f2131236d4598b95de856926a67100a0a97e9fa3"
+  integrity sha512-lOETlkIeYSJWcbbcvjRKGxVMXJR+8+OQb/mTPbA4ObPMytYIsUbuOE0Jzy60hjARYszq1id0j8KgVhC+WGZVTg==
+
 convert-source-map@^1.6.0, convert-source-map@^1.7.0:
   version "1.9.0"
   resolved "https://registry.yarnpkg.com/convert-source-map/-/convert-source-map-1.9.0.tgz#7faae62353fb4213366d0ca98358d22e8368b05f"
@@ -6061,6 +6073,11 @@ function-bind@^1.1.1, function-bind@^1.1.2:
   resolved "https://registry.yarnpkg.com/function-bind/-/function-bind-1.1.2.tgz#2c02d864d97f3ea6c8830c464cbd11ab6eab7a1c"
   integrity sha512-7XHNxH7qX9xG5mIwxkhumTox/MIRNcOgDrxWsMt2pAr23WHp6MrRlN7FBSFpCpr+oVO0F744iUgR82nJMfG2SA==
 
+function-timeout@^0.1.0:
+  version "0.1.1"
+  resolved "https://registry.yarnpkg.com/function-timeout/-/function-timeout-0.1.1.tgz#6bf71d3d24c894d43b2bec312cabb8c5add2e9da"
+  integrity sha512-0NVVC0TaP7dSTvn1yMiy6d6Q8gifzbvQafO46RtLG/kHJUBNd+pVRGOBoK44wNBvtSPUJRfdVvkFdD3p0xvyZg==
+
 function.prototype.name@^1.1.5, function.prototype.name@^1.1.6:
   version "1.1.6"
   resolved "https://registry.yarnpkg.com/function.prototype.name/-/function.prototype.name-1.1.6.tgz#cdf315b7d90ee77a4c6ee216c3c3362da07533fd"
@@ -6535,10 +6552,10 @@ invariant@^2.2.4:
   dependencies:
     loose-envify "^1.0.0"
 
-ip-regex@^4.0.0:
-  version "4.3.0"
-  resolved "https://registry.yarnpkg.com/ip-regex/-/ip-regex-4.3.0.tgz#687275ab0f57fa76978ff8f4dddc8a23d5990db5"
-  integrity sha512-B9ZWJxHHOHUhUjCPrMpLD4xEq35bUTClHM1S6CBU5ixQnkZmwipwgc96vAd7AAGM9TGHvJR+Uss+/Ak6UphK+Q==
+ip-regex@^5.0.0:
+  version "5.0.0"
+  resolved "https://registry.yarnpkg.com/ip-regex/-/ip-regex-5.0.0.tgz#cd313b2ae9c80c07bd3851e12bf4fa4dc5480632"
+  integrity sha512-fOCG6lhoKKakwv+C6KdsOnGvgXnmgfmp0myi3bcNwj3qfwPAxRKWEuFhvEFF7ceYIz6+1jRZ+yguLFAmUNPEfw==
 
 ipaddr.js@1.9.1:
   version "1.9.1"
@@ -6690,12 +6707,13 @@ is-installed-globally@~0.4.0:
     global-dirs "^3.0.0"
     is-path-inside "^3.0.2"
 
-is-ip@^3.1.0:
-  version "3.1.0"
-  resolved "https://registry.yarnpkg.com/is-ip/-/is-ip-3.1.0.tgz#2ae5ddfafaf05cb8008a62093cf29734f657c5d8"
-  integrity sha512-35vd5necO7IitFPjd/YBeqwWnyDWbuLH9ZXQdMfDA8TEo7pv5X8yfrvVO3xbJbLUlERCMvf6X0hTUamQxCYJ9Q==
+is-ip@^5.0.0:
+  version "5.0.1"
+  resolved "https://registry.yarnpkg.com/is-ip/-/is-ip-5.0.1.tgz#bec44442c823e591aa6f4d6fb9081d6a9be17e44"
+  integrity sha512-FCsGHdlrOnZQcp0+XT5a+pYowf33itBalCl+7ovNXC/7o5BhIpG14M3OrpPPdBSIQJCm+0M5+9mO7S9VVTTCFw==
   dependencies:
-    ip-regex "^4.0.0"
+    ip-regex "^5.0.0"
+    super-regex "^0.2.0"
 
 is-map@^2.0.1, is-map@^2.0.2:
   version "2.0.2"
@@ -6754,6 +6772,11 @@ is-regex@^1.1.4:
     call-bind "^1.0.2"
     has-tostringtag "^1.0.0"
 
+is-regexp@^3.0.0:
+  version "3.1.0"
+  resolved "https://registry.yarnpkg.com/is-regexp/-/is-regexp-3.1.0.tgz#0235eab9cda5b83f96ac4a263d8c32c9d5ad7422"
+  integrity sha512-rbku49cWloU5bSMI+zaRaXdQHXnthP6DZ/vLnfdSKyL4zUzuWnomtOEiZZOd+ioQ+avFo/qau3KPTc7Fjy1uPA==
+
 is-retry-allowed@^2.2.0:
   version "2.2.0"
   resolved "https://registry.yarnpkg.com/is-retry-allowed/-/is-retry-allowed-2.2.0.tgz#88f34cbd236e043e71b6932d09b0c65fb7b4d71d"
@@ -9762,6 +9785,15 @@ stylelint@^16.1.0:
     table "^6.8.1"
     write-file-atomic "^5.0.1"
 
+super-regex@^0.2.0:
+  version "0.2.0"
+  resolved "https://registry.yarnpkg.com/super-regex/-/super-regex-0.2.0.tgz#dc1e071e55cdcf56930eb6271f73653a655b2642"
+  integrity sha512-WZzIx3rC1CvbMDloLsVw0lkZVKJWbrkJ0k1ghKFmcnPrW1+jWbgTkTEWVtD9lMdmI4jZEz40+naBxl1dCUhXXw==
+  dependencies:
+    clone-regexp "^3.0.0"
+    function-timeout "^0.1.0"
+    time-span "^5.1.0"
+
 supercluster@^7.1.5:
   version "7.1.5"
   resolved "https://registry.yarnpkg.com/supercluster/-/supercluster-7.1.5.tgz#65a6ce4a037a972767740614c19051b64b8be5a3"
@@ -9902,6 +9934,13 @@ through@^2.3.8:
   resolved "https://registry.yarnpkg.com/through/-/through-2.3.8.tgz#0dd4c9ffaabc357960b1b724115d7e0e86a2e1f5"
   integrity sha512-w89qg7PI8wAdvX60bMDP+bFoD5Dvhm9oLheFp5O4a2QF0cSBGsBX4qZmadPMvVqlLJBBci+WqGGOAPvcDeNSVg==
 
+time-span@^5.1.0:
+  version "5.1.0"
+  resolved "https://registry.yarnpkg.com/time-span/-/time-span-5.1.0.tgz#80c76cf5a0ca28e0842d3f10a4e99034ce94b90d"
+  integrity sha512-75voc/9G4rDIJleOo4jPvN4/YC4GRZrY8yy1uU4lwrB3XEQbWve8zXoO5No4eFrGcTAMYyoY67p8jRQdtA1HbA==
+  dependencies:
+    convert-hrtime "^5.0.0"
+
 timers-ext@^0.1.7:
   version "0.1.7"
   resolved "https://registry.yarnpkg.com/timers-ext/-/timers-ext-0.1.7.tgz#6f57ad8578e07a3fb9f91d9387d65647555e25c6"