I have recently been able to recover a password and also create a new password to log back onto the IPS 4240.
Due to the new password change I was able to access the Cisco IME to look around and check the status of the censors etc.
Also I was able to configure several settings due to having an ADMIN account to carry out these tasks.
After trying to re login in again I was able but only had the viewer access which has restricted us for the time bieng, after which I decided to carry out another password recovery which seemed to have been successful but I now encounter another problem.
I get the message after using the Login:cisco Password:cisco (for password recovery)
"Authentication Token Manipulation error"
Also ran the confreg 0x7 from the Rommon mode and also the Grub password recovery but not much look there.
Is there another way to reset the IPS back to Factory settings.