A novel rate-dependent and self-healing conductive composite with well defined shear stiffening (ST) effect was facilely fabricated by dispersing the multi-walled carbon nanotube (MWCNT) into shear stiffening polymer matrix. The storage modulus (G′) of the multifunctional composite automatically increased 4 orders of magnitude when encountering external shear stimuli and G′ max was over 1MPa, demonstrating an obvious shear stiffening effect and well safe-guarding performance. It was found that the electric conductivity changed accordingly when the shear stiffening happened, therefore it could be applied as a force sensor during the attacking. The rate-dependent piezoresistance effect of the composite was investigated. In quasi-static compression and high rate impact tests, different force signals could be obtained since the negative and positive piezoresistivity effect.Self-healing tests indicated the as-prepared composite can maintain its mechanical and electrical properties after destruction and healing treatment. Owing to the shear stiffening performance, the rate dependent conductive composite could both absorb impact energy and sense to the attacking forces. Finally, the mechanism was proposed and the glass transition induced by B-O interaction and the changes of microstructures during the external action were attributed to the ST performance and rate dependent electrical conductivity, respectively.