In this paper, a joint relay selection and power allocation (JRP) scheme is proposed to enhance the physical layer security of a cooperative network, where a multiple antennas source communicates with a single-antenna destination in presence of untrusted relays and passive eavesdroppers (Eves). The objective is to protect the data confidentially while concurrently relying on the untrusted relays as potential Eves to improve both the security and reliability of the network. To realize this objective, we consider cooperative jamming performed by the destination while JRP scheme is implemented. With the aim of maximizing the instantaneous secrecy rate, we derive a new closed-form solution for the optimal power allocation and propose a simple relay selection criterion under two scenarios of non-colluding Eves (NCE) and colluding Eves (CE). For the proposed scheme, a new closed-form expression is derived for the ergodic secrecy rate (ESR) and the secrecy outage probability as security metrics, and a new closed-form expression is presented for the average symbol error rate (SER) as a reliability measure over Rayleigh fading channels. We further explicitly characterize the high signal-to-noise ratio slope and power offset of the ESR to highlight the impacts of system parameters on the ESR. In addition, we examine the diversity order of the proposed scheme to reveal the achievable secrecy performance advantage. Finally, the secrecy and reliability diversity-multiplexing tradeoff of the optimized network are provided. Numerical results highlight that the ESR performance of the proposed JRP scheme for NCE and CE cases is increased with respect to the number of untrustworthy relays.