Providing security to smart city networks is one of the challenging and demanding tasks in the present days, due to its increased utilization in smart intelligent transportation systems. For this purpose, there are various security protocols and mechanisms that have been developed in the existing works, which targets to establish the reliable and secured communication in smart city networks. However, it limits the major issues of increased computational cost, communication cost, storage overhead, and reduced efficiency. In order to solve these problems, the proposed work intends to design an intelligent security framework by using the Light-weight Cryptography based Communication Model (LCCM). Proposed framework includes the modules of setup initialization, vehicle registration, authentication, key generation, encryption, and decryption. Here, the Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communications are performed with reduced cost complexity. For guaranteeing the security of networks, the random value-based key generation, data encryption, and decryption processes are performed. During the performance analysis, various evaluation measures have been used to assess the results of both convention and proposed security protocols. This paper presented a new methodology named as, LCCM for enhancing the security of smart city transportation networks.