Hi @Cranbin
For introduction about Encryption in Outlook please refer to this link:
Encrypting an email message in Outlook means it's converted from readable plain text into scrambled cipher text. Only the recipient who has the private key that matches the public key used to encrypt the message can decipher the message for reading. Any recipient without the corresponding private key, however, sees indecipherable text.
Can you set a corresponding one-time code to encrypt the email?
To my knowledge it may not be possible for the sender to set a one-time code.
While if the recipient is using other email service than Outlook, they can use one-time password to sign in to read the email.
For more details please refer to this link: Manage the use of one-time pass codes for the encrypted message portal
Example (send an encrypted message to a recipient using Gmail):
If the answer is helpful, please click "Accept Answer" and kindly upvote it. If you have extra questions about this answer, please click "Comment".
Note: Please follow the steps in our documentation to enable e-mail notifications if you want to receive the related email notification for this thread.