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Locksmithing began as the science and art of making and defeating locks. A lock is a mechanism that secures buildings, rooms, cabinets, food, or other storage facilities. A key is often used to open a lock. Means of opening a lock often include what you know (a combination), what you have (a key or keycard) or what you are.

Locksmithing is one of the earliest forms of security engineering. Lock picking was one of the first methods of cracking security systems.

A "smith" of any type is one who shapes metal pieces, often using a forge or mould, into useful objects or to be part of a more complex structure. Locksmithing, as its name implies, is the assembly and designing of locks and their respective keys.

Although fitting of keys to replace lost keys to automobiles and homes and the changing of keys for homes and businesses to maintain security are still an important part of locksmithing, locksmiths today are primarily involved in the installation of higher quality locksets and the design, implementation and management of keying and key control systems. Most locksmiths also do electronic lock servicing, such as making keys for transponder-equipped vehicles and the implementation and application of access control systems protecting individuals and assets for many large institutions. In terms of physical security, a locksmith's work frequently involves making a determination of the level of risk to an individual or institution and then recommending and implementing appropriate combinations of equipment and policies to create "security layers" which exceed the reasonable gain to an intruder or attacker. The more different security layers are implemented, the more the requirement for additional skills and knowledge and tools to defeat them all. But because each layer comes at an expense to the customer, the application of appropriate levels without exceeding reasonable costs to the customer is often very important and requires a skilled and knowledgeable locksmith to determine.