I asked this on the apple stack exchange site, but since the tumble weeds couldn't answer my question I will ask it here.
I tried using pwpolicy to set this up. I was able to set up maxFailedLoginAttempts, but setting minutesUntilFailedLoginReset doesn't seem to do anything. When I query pwpolicy using:
pwpolicy -n /Local/Default -getglobalpolicy
I keep seeing that minutesUntilFailedLoginReset=0 even though I just set it to 60. I even tried changing this for one user, and it claims it was changed but when I query the user's policy or the effective policy nothing has changed.