Corrosion of complex electronic equipment is an increasingly serious problem, causing expensive damage. Corrosion occurs through out the entire life cycle during different stages of manufacturing, assembly, transport and storage of components and assemblies and during field operations of the equipment. Presence of moisture, chloride, sulphur dioxide, hydrogen sulphide and other airborne corrosives, meteorological parameters etc influence the occurrence of corrosion. The present review describes the current understanding mechanism of corrosion of electronic components and equipments in different environmental conditions. The various corrosion testing methods and methods of corrosion prevention in these electronic devices have also been elaborated.