App host Vercel says it was hacked and customer data stolen

The hack may lead to a short-term increase in the stock prices of cybersecurity companies, such as PANW and CYBR, as investors seek safer alternatives. In contrast, the news could negatively impact the stock price of Vercel, if it were publicly traded, due to potential reputational damage and loss of customer trust. However, since Vercel is not a publicly traded company, the direct market impact is limited, but it may affect the valuation of similar private companies in the industry.