Signon with correct password to z/OS caused error message
"To log into z/OSMF, enter a valid z/OS user ID and password. Your account might be locked after too many incorrect log-in attempts."
Release : 16.0
Component : ACF2 for z/OS
Certificate defined for signon to z/OSMF was incorrectly defined - wrong label.
Changed label in the certificate parameters to z/OSMF resolved the problem.