diff --git a/package.json b/package.json
index 79017daef3..39d2d630ab 100644
--- a/package.json
+++ b/package.json
@@ -69,7 +69,7 @@
     "conventional-changelog-cli": "^1.3.21",
     "copy-webpack-plugin": "5.0.3",
     "cosmiconfig": "^4.0.0",
-    "cypress": "~3.3.1",
+    "cypress": "3.4.0",
     "cz-conventional-changelog": "^2.1.0",
     "document-register-element": "^1.13.1",
     "dotenv": "6.2.0",
diff --git a/packages/cypress/src/utils/versions.ts b/packages/cypress/src/utils/versions.ts
index 0cd1a32ea1..8b96d548d9 100644
--- a/packages/cypress/src/utils/versions.ts
+++ b/packages/cypress/src/utils/versions.ts
@@ -1,2 +1,2 @@
 export const nxVersion = '*';
-export const cypressVersion = '~3.3.1';
+export const cypressVersion = '3.4.0';
diff --git a/packages/workspace/migrations.json b/packages/workspace/migrations.json
index 95cf4c4e24..05a285fd44 100644
--- a/packages/workspace/migrations.json
+++ b/packages/workspace/migrations.json
@@ -14,6 +14,11 @@
       "version": "8.3.0-beta.1",
       "description": "Update Angular CLI to 8.1.1",
       "factory": "./src/migrations/update-8-3-0/update-ng-cli-8-1"
+    },
+    "update-cypress-to-34": {
+      "version": "8.3.0-beta.1",
+      "description": "Update Cypress to 3.4",
+      "factory": "./src/migrations/update-8-3-0/update-cypress-to-34"
     }
   }
 }
diff --git a/packages/workspace/src/migrations/update-8-3-0/update-cypress-to-34.ts b/packages/workspace/src/migrations/update-8-3-0/update-cypress-to-34.ts
new file mode 100644
index 0000000000..077684a4a3
--- /dev/null
+++ b/packages/workspace/src/migrations/update-8-3-0/update-cypress-to-34.ts
@@ -0,0 +1,20 @@
+import { updateJsonInTree } from '@nrwl/workspace';
+import { chain, SchematicContext } from '@angular-devkit/schematics';
+import { NodePackageInstallTask } from '@angular-devkit/schematics/tasks';
+
+const updateCypress = updateJsonInTree('package.json', json => {
+  json.devDependencies = json.devDependencies || {};
+  if (json.devDependencies['cypress']) {
+    json.devDependencies['cypress'] = '3.4.0';
+  }
+
+  return json;
+});
+
+const addInstall = (_: any, context: SchematicContext) => {
+  context.addTask(new NodePackageInstallTask());
+};
+
+export default function() {
+  return chain([updateCypress, addInstall]);
+}
diff --git a/yarn.lock b/yarn.lock
index 5d70691450..e0a96ebfdb 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4534,10 +4534,10 @@ cyclist@~0.2.2:
   resolved "https://registry.yarnpkg.com/cyclist/-/cyclist-0.2.2.tgz#1b33792e11e914a2fd6d6ed6447464444e5fa640"
   integrity sha1-GzN5LhHpFKL9bW7WRHRkRE5fpkA=
 
-cypress@~3.3.1:
-  version "3.3.1"
-  resolved "https://registry.yarnpkg.com/cypress/-/cypress-3.3.1.tgz#8a127b1d9fa74bff21f111705abfef58d595fdef"
-  integrity sha512-JIo47ZD9P3jAw7oaK7YKUoODzszJbNw41JmBrlMMiupHOlhmXvZz75htuo7mfRFPC9/1MDQktO4lX/V2+a6lGQ==
+cypress@3.4.0:
+  version "3.4.0"
+  resolved "https://registry.yarnpkg.com/cypress/-/cypress-3.4.0.tgz#8053ee107eb6309f26abd57e882d05578bdc3391"
+  integrity sha512-vUE+sK3l23fhs5qTN3dKpveyP0fGr37VmK3FSYaTEjbqC/qh4DbA1Ych/3bLStUpHP4rpE5KAx7i1s/tpdD9vQ==
   dependencies:
     "@cypress/listr-verbose-renderer" "0.4.1"
     "@cypress/xvfb" "1.2.4"
@@ -4552,7 +4552,7 @@ cypress@~3.3.1:
     execa "0.10.0"
     executable "4.1.1"
     extract-zip "1.6.7"
-    fs-extra "4.0.1"
+    fs-extra "5.0.0"
     getos "3.1.1"
     glob "7.1.3"
     is-ci "1.2.1"
@@ -4565,7 +4565,7 @@ cypress@~3.3.1:
     moment "2.24.0"
     ramda "0.24.1"
     request "2.88.0"
-    request-progress "0.4.0"
+    request-progress "3.0.0"
     supports-color "5.5.0"
     tmp "0.1.0"
     url "0.11.0"
@@ -6133,13 +6133,13 @@ fs-exists-sync@^0.1.0:
   resolved "https://registry.yarnpkg.com/fs-exists-sync/-/fs-exists-sync-0.1.0.tgz#982d6893af918e72d08dec9e8673ff2b5a8d6add"
   integrity sha1-mC1ok6+RjnLQjeyehnP/K1qNat0=
 
-fs-extra@4.0.1:
-  version "4.0.1"
-  resolved "https://registry.yarnpkg.com/fs-extra/-/fs-extra-4.0.1.tgz#7fc0c6c8957f983f57f306a24e5b9ddd8d0dd880"
-  integrity sha1-f8DGyJV/mD9X8waiTlud3Y0N2IA=
+fs-extra@5.0.0:
+  version "5.0.0"
+  resolved "https://registry.yarnpkg.com/fs-extra/-/fs-extra-5.0.0.tgz#414d0110cdd06705734d055652c5411260c31abd"
+  integrity sha512-66Pm4RYbjzdyeuqudYqhFiNBbCIuI9kgRqLPSHIlXHidW8NIQtVdkM1yeZ4lXwuhbTETv3EUGMNHAAw6hiundQ==
   dependencies:
     graceful-fs "^4.1.2"
-    jsonfile "^3.0.0"
+    jsonfile "^4.0.0"
     universalify "^0.1.0"
 
 fs-extra@7.0.1, fs-extra@^7.0.0:
@@ -8356,13 +8356,6 @@ jsonfile@^2.1.0:
   optionalDependencies:
     graceful-fs "^4.1.6"
 
-jsonfile@^3.0.0:
-  version "3.0.1"
-  resolved "https://registry.yarnpkg.com/jsonfile/-/jsonfile-3.0.1.tgz#a5ecc6f65f53f662c4415c7675a0331d0992ec66"
-  integrity sha1-pezG9l9T9mLEQVx2daAzHQmS7GY=
-  optionalDependencies:
-    graceful-fs "^4.1.6"
-
 jsonfile@^4.0.0:
   version "4.0.0"
   resolved "https://registry.yarnpkg.com/jsonfile/-/jsonfile-4.0.0.tgz#8771aae0799b64076b76640fca058f9c10e33ecb"
@@ -9536,11 +9529,6 @@ no-case@^2.2.0:
   dependencies:
     lower-case "^1.1.1"
 
-node-eta@^0.1.1:
-  version "0.1.1"
-  resolved "https://registry.yarnpkg.com/node-eta/-/node-eta-0.1.1.tgz#4066109b39371c761c72b7ebda9a9ea0a5de121f"
-  integrity sha1-QGYQmzk3HHYccrfr2pqeoKXeEh8=
-
 node-fetch-npm@^2.0.2:
   version "2.0.2"
   resolved "https://registry.yarnpkg.com/node-fetch-npm/-/node-fetch-npm-2.0.2.tgz#7258c9046182dca345b4208eda918daf33697ff7"
@@ -11373,13 +11361,12 @@ repeating@^2.0.0:
   dependencies:
     is-finite "^1.0.0"
 
-request-progress@0.4.0:
-  version "0.4.0"
-  resolved "https://registry.yarnpkg.com/request-progress/-/request-progress-0.4.0.tgz#c1954e39086aa85269c5660bcee0142a6a70d7e7"
-  integrity sha1-wZVOOQhqqFJpxWYLzuAUKmpw1+c=
+request-progress@3.0.0:
+  version "3.0.0"
+  resolved "https://registry.yarnpkg.com/request-progress/-/request-progress-3.0.0.tgz#4ca754081c7fec63f505e4faa825aa06cd669dbe"
+  integrity sha1-TKdUCBx/7GP1BeT6qCWqBs1mnb4=
   dependencies:
-    node-eta "^0.1.1"
-    throttleit "^0.0.2"
+    throttleit "^1.0.0"
 
 request-promise-core@1.1.2:
   version "1.1.2"
@@ -12769,10 +12756,10 @@ throat@^4.0.0:
   resolved "https://registry.yarnpkg.com/throat/-/throat-4.1.0.tgz#89037cbc92c56ab18926e6ba4cbb200e15672a6a"
   integrity sha1-iQN8vJLFarGJJua6TLsgDhVnKmo=
 
-throttleit@^0.0.2:
-  version "0.0.2"
-  resolved "https://registry.yarnpkg.com/throttleit/-/throttleit-0.0.2.tgz#cfedf88e60c00dd9697b61fdd2a8343a9b680eaf"
-  integrity sha1-z+34jmDADdlpe2H90qg0OptoDq8=
+throttleit@^1.0.0:
+  version "1.0.0"
+  resolved "https://registry.yarnpkg.com/throttleit/-/throttleit-1.0.0.tgz#9e785836daf46743145a5984b6268d828528ac6c"
+  integrity sha1-nnhYNtr0Z0MUWlmEtiaNgoUorGw=
 
 through2@^2.0.0, through2@^2.0.2:
   version "2.0.5"