Information
The SLEEPTIME variable in the /etc/default/login file controls the number of seconds to wait before printing the 'login incorrect' message when a bad password is provided.
Solution
Perform the following to implement the recommended state-
cd /etc/default
awk '/SLEEPTIME=/ { $1 = 'SLEEPTIME=4' } { print }' login >login.new
mv login.new login
pkgchk -f -n -p /etc/default/login