This policy setting allows you to configure the number of incorrect password attempts to accept before the device wipes all ...

"This policy setting allows you to configure the number of incorrect password attempts to accept before the device wipes all of its mounted storage volumes.  If you configure this policy setting, then you can set the number of incorrect attempts allowed. The user is warned after every incorrect attempt and told the number of tries remaining. Before the last attempt, the user is warned that the device will be wiped.  If you disable this policy setting, then the user is allowed an infinite number of password attempts, and the device is never wiped as a result of too many incorrect attempts.  If you do not configure this policy setting, then existing password-related settings on the device remain in effect."
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