you can do that using login_errors
filter hook and here is how:
add_filter('login_errors','login_error_message');
function login_error_message($error){
//check if that's the error you are looking for
$pos = strpos($error, 'incorrect');
if (is_int($pos)) {
//its the right error so you can overwrite it
$error = "Wrong information";
}
return $error;
}
update:
i just tested the code and it works fine just pasted the code in my theme’s functions.php file without changing anything with the .po file