The invention belongs to the technical field of monitoring of high-speed rail electrical systems and discloses a method and a device for monitoring 
geomagnetically induced current of high-speed rails. A high-speed rail 
geomagnetic storm damage monitoring and recording device comprises a traction main 
transformer and an earth box with a traction 
backflow collection function, a three-phase power source is connected into a 
traction substation, a traction 
backflow wire running through an earth wire, a PW protection wire and a 
choke transformer midpoint lead connected with two rail bars are arranged in the earth box which is an independent box structure , and the earth box is connected with an earth 
electrode of the 
traction transformer. Since interference exists in GIC (
geomagnetically induced current) sampling signals, local high-
frequency noise interference can be effectively eliminated by adopting a 
wavelet analysis method for variable-size localization analysis of 
time domain and 
frequency domain windows. The device comprises a 
signal acquisition sensor, a synchronous 
signal acquisition card and an industrial control computer. The device with a threshold alarming function is capable of sending alarm signals when monitoring quantity exceeds a threshold, so that influences of 
geomagnetic storm on a 
railway system can be known timely and conveniently. By monitoring for a period of time, direct-current magnetic bias current of the 
traction transformer is recorded to provide data for analysis on safety operation of a high-speed rail tractive power supply 
system.