IKE (Internet Key Exchange) A key management protocol standard that is used in conjunction with the IPSec standard. IPSec is an IP security feature that provides robust authentication and encryption of IP packets. IPSec can be configured without IKE, but IKE enhances IPSec by providing additional features, flexibility, and ease of configuration for the IPSec standard. IKE is a hybrid protocol that implements the Oakley key exchange and Skeme key exchange inside of the Internet Security Association and Key Management Protocol (ISAKMP) framework. ISAKMP, Oakley, and Skeme are security protocols implemented by IKE.