In the Know

Recently, a significant cyber incident has sent shockwaves through the Australian business community. A global hacking collective has claimed responsibility for breaching customer databases linked to cloud software giant Salesforce - impacting over 40 companies worldwide, including Qantas, Air France, Disney, IKEA, and Toyota.

While Salesforce itself has not been compromised, attackers reportedly used sophisticated “vishing” (voice phishing or social engineering) techniques - impersonating IT support personnel to infiltrate customer systems. The stolen data includes sensitive personal information such as passport numbers, dates of birth, and purchase histories. Qantas has confirmed the breach and is actively supporting affected customers.

A 2025 survey commissioned by Xero found that 86% of Australian business owners work with a financial advisor. The research shows that businesses receiving quality advisory support are more likely to experience better financial outcomes and feel more confident in the decisions they make.

These recent findings highlight just how significant that impact can be. 51% of businesses working with an advisor reported revenue growth in the past year. Among those without one, that number dropped to 38%. This gap isn’t a coincidence. With the right advice, business owners are more likely to spot opportunities, make informed decisions, and focus their resources effectively.