I didn't know about this new feature in Maximo 7.6 until today. Here is the problem: an user reported he's unable to log into Maximo with "BMXAA7901E - You cannot log in at this time" error. Both the Maximo Admin and I could log in using the same userid and password without any problem. After some investigation, it turned out that the user's IP address has been blocked.
This is a new feature in Maximo 7.6 as described by IBM here and here by Mark Robbins.
What interesting is, by looking into the default Maximo's settings, an IP will only be blocked if there are more than 50 failed login attempts made in less than 30 seconds. So it's not possible for a normal user to be blocked by this mechanism.