Systems, apparatuses, methods, and computer program products are disclosed for hardware security module communication management. An example method includes deriving, by a first HSM, a first cryptographic key based on an initial key and a first set of seed bits. The method also includes receiving a message comprising a second cryptographic key from a key exchange management device, wherein the second cryptographic key is associated with a second HSM. The method also includes deriving, a third cryptographic key based on the first cryptographic key and the second cryptographic key, wherein deriving the third cryptographic key establishes secure communication between the first HSM and the second HSM based on the second HSM having also derived the third cryptographic key. The method also includes performing, a first cryptographic data protection action using the third cryptographic key.