The security light turns on when the car doesn't or can't read the signal from your smart key. It considers this a threat and locks out the starter. It can be a bad or worn key, a broken or worn lock cylinder in the ignition, or a malfunctioning Theft Deterrent Module. (TDM). You can start replacing these parts with the proper GM original parts and hope you get the right one, or bypass the system entirely. This link should help you understand the problem and also offers solutions to fix this yourself permanently.
http://vatspasslockpasskeysecurityhelp.yolasite.com/
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