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Cost -v- Security: Should UK SMEs Outsource Cybersecurity to an MSSP Like FoxTech?

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Cost -v- Security: Should UK SMEs Outsource Cybersecurity to an MSSP Like FoxTech?
By: Iain Fraserย โ€“ย Cybersecurity Journalist
Published in Collaboration with: FoxTech
SMECyberInsights.co.ukย – First for SME Cybersecurity
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Cost vs. Security: Should UK SMEs Outsource Cybersecurity to an MSSP Like FoxTech?

Cybersecurity is no longer a โ€œnice to haveโ€โ€”itโ€™s a fundamental business requirement. Yet, for many UK Small and Medium-sized Enterprises (SMEs), the decision to invest in in-house capabilities or outsource to a Managed Security Services Provider (MSSP) boils down to one critical question: Is it worth the cost?

In todayโ€™s threat landscapeโ€”Ransomware, Phishing attacks, Insider threats, and Supply Chain vulnerabilitiesโ€”the answer increasingly leans toward outsourcing. But itโ€™s not a one-size-fits-all solution. Here’s what SMEs need to know when weighing cost vs. security, and how providers like FoxTech can bridge the gap.

The Growing Cost of Cyber Threats

According to the UK Governmentโ€™s 2024 Cyber Security Breaches Survey, 32% of businesses reported cybersecurity breaches in the past 12 monthsโ€”with small businesses often bearing the brunt without the resilience of larger enterprises.

The average cost of a Cyber attack for a Small UK Business now exceeds ยฃ4,200, with indirect costs such as downtime, reputational damage, and regulatory fines pushing that number even higher.

In contrast, many SMEs are still spending less than ยฃ500 annually on cybersecurity. That gap exposes a serious mismatch between perceived cost savings and actual business risk.

Image Credit Rawpixel.com via FreePik
Image Credit Rawpixel.com via FreePik

Managed Security Service Providers offer a range of services tailored to meet the security needs of organisations without the cost of building an in-house team. These typically include:

* 24/7 monitoring and threat detection
* Firewall and endpoint management
* Incident response and recovery
* Security audits and compliance support
* Cloud and network security solutions

A strong MSSP like FoxTech also delivers proactive threat hunting, real-time threat intelligence, and bespoke consultingโ€”an essential asset for SMEs facing compliance pressures under GDPR or industry-specific regulations.

Breaking Down the Cost: In-House vs. MSSP

Letโ€™s compare. Hiring even one full-time Cybersecurity professional in the UK can cost ยฃ50,000+ annually, not to mention ongoing training, certifications, tools, and support systems.

By contrast, a typical MSSP subscription can start as low as ยฃ500โ€“ยฃ2,000 per month, depending on your business size and risk profile. That gives you access to a full security operations teamโ€”at a fraction of the price.

SME Case Insight: โ€œFrom Firefighting to Fortifiedโ€

A London-based SME in the legal sector recently partnered with FoxTech after struggling with repeated phishing attacks and data loss. Within weeks, FoxTech‘s team implemented multi-layered defences, trained staff, and helped the business secure cyber insurance at lower premiumsโ€”all while reducing internal IT stress.

โ€œFoxTech gave us enterprise-grade protection on an SME budget,โ€ says the companyโ€™s director.

Why FoxTech Stands Out

While many MSSPs offer similar toolkits, FoxTech (Foxtrot-Technologies.com) goes beyond basic coverage. Their UK-based team understands the regulatory environment, the specific risks SMEs face, and the importance of affordable, scalable solutions.

Some key FoxTech differentiators:

* UK-tailored compliance expertise (ICO, GDPR, FCA, etc.)
* Advanced threat simulation and risk assessments
* Affordable entry-level packages with room to scale
* Transparent pricing and measurable ROI
* Proven experience across legal, financial, and professional services

Their approach blends technology, people, and strategy, giving SMEs a competitive edge not just in security, but also in operational trust and client confidence.

Key Considerations Before You Outsource

Before engaging an MSSP, UK SMEs should ask:

* What are our most valuable digital assets?
* How fast can we currently detect and respond to a threat?
* What would a breach cost us in lost business or regulatory fines?
* Do we have the internal capacity to stay ahead of evolving threats?

If any of these questions cause concern, it may be time to consult an MSSP like FoxTech for a no-obligation security posture review.

Optimising Security Without Breaking the Bank

Outsourcing to an MSSP like FoxTech is not just a cost-saving measureโ€”itโ€™s a strategic move toward resilience and business continuity. For SMEs already stretched thin, partnering with a trusted expert provides peace of mind and positions the business to grow securely.

Final Takeaway:

In 2025, cybersecurity is not a sunk costโ€”itโ€™s an enabler of trust, growth, and survival. With tailored MSSP services from FoxTech, UK SMEs can have their cake and secure it, too.

CYBERInsights | Practical Small Business Cybersecurity
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