Grupo Financiero Banorte, Mexico’s third largest bank, suffered a data breach earlier this year and is now reportedly being fined 32 million pesos ($1.98 million) by the Mexican data protection authority, the National Institute of Transparency, Access to Information and Protection of Personal Data, for failing to inform all of its clients immediately after the hack occurred.  Mexico’s National Banking and Securities Commission is also investigating the matter  and is expected to issue corrective measures.