It depends on the severity of the event and how the electronics are designed. Any time you have a magnetic field cross a conductor you induce a voltage. The c

It depends on the severity of the event and how the electronics are designed. Any time you have a magnetic field cross a conductor you induce a voltage. The concern is that small electronics have very sensitive components that operate at low voltages. If there's a voltage spike generated on an internal bus, it could damage components.