According to embodiments of the present invention a system and method for encrypting traffic on a network is disclosed. Encrypted data is transmitted between a first network element and a second network element by: acquiring an encryption seed at the first network element, the encryption seed being substantially similar to a decryption seed at the second network element; generating at least one encryption key from the encryption seed; receiving data; encrypting the data using the encryption key to generate encrypted data; transmitting the encrypted data from the first network element to the second network element via a network; and updating the encryption seed at the first network element in response to an event trigger.