Any protector that does not make a short connection to earth ground does what? Earthing that surge destructively elsewhere such as through the adjacent appliance. Any protection that works at the appliance is already inside the appliance. New standards mean that signal lines must withstand even 15,000 volts without damage. Yes that few volt signal line must also not be damaged by 2,000 and 15,000 volts
So we earth that surge before it even enters the building - does not get near to signal lines.
Did damage exist? That says little about the protector and says nothing about a plug-in protector. That damage says a surge was permitted inside the building to maybe overwhelm protection inside signal lines.
How does the telephone company with signal lines everywhere inside their building not suffer computer damage? Every wire is properly earthed either by a direct earthing connection or via a 'whole house' type protector. Why is telephone service not down for four days every year while they replace that computer? Why can that computer suffer one hundred surges during every thunderstorm and not suffer damage? They don't use grossly overpriced Panamax or Monster Cable products. Instead they spend less money on more effective 'whole house' type protectors and they enhance that single point earthing. How is the protection made even better? They install even better earth grounds.
Did a surge enter on cable TV wire? Then how was that cable earthed. Installing a Panamax on that cable TV wire is even not recommended by the cable company for the same reasons that early 20th Century Ham radio operators finally stopped surges. Will the Panamax absorb surges?
The Panamax does not even claim to protect from type of surges that typically cause electronics damage. Those who recommend that Panamax routinely ignore that reality. Good reason why Panamax does not make that claim. No dedicated earthing wire. No earth ground means no effective protection.
Meanwhile, smoke detectors also were not routinely damaged during surges. Is that because smoke detectors are connected to invisible protectors? No. If something is undamaged with a Panamax proves nothing since other appliances also are not damaged - and have no Panamax. Damning is that the Panamax does not even claim to protect from that type of surge.