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Hi,
We just discovered (the hard way :/) that if you have caching and SSL termination on your server all traffic looks like it’s coming from 127.0.0.1 according to iThemes Security. With the default config it then terminates all traffic from that IP for 15 minutes after a few wrong logins from WP users.
It would be nice to make a notification for this when you detect this kind of configuration or even add it by default to the whitelist.