The invention relates to carbonless copying paper with guard wires and a making method thereof, belonging to the technical field of paper making. The carbonless copying paper with guard wires is characterized by consisting of 3-5 pieces of converted paper with different structures, i.e. upper carbonless paper, middle carbonless paper and lower carbonless paper, wherein an anti-counterfeit guard wire is embedded in each base paper, and the topmost paper is converted paper formed by arranging a coating at the back side of base paper; each of the multiple pieces of middle paper is converted paper formed by arranging coatings at both sides of base paper; and the lowermost paper is converted paper formed by arranging a coating at the front side of base paper. The making method comprises the following steps: a, production of the base paper: 1) pulping, 2) beating and preparing, 3) forming paper, 4) squeezing and dewatering, 5) drying, 6) carrying out top sizing, and 7) calendering; and b, coating and processing: 1) preparing paint, 2) coating, 3) drying, and 4) calendering. The invention has the advantages that the base paper is provided with the guard wires for anticounterfeiting, and the guard wires are visible to the naked eyes and can be directly separated from the paper in a tearing manner, thereby achieving the purpose of no counterfeiting for printing.