800k email records and passwords in plain text when breached. I don't know how big Knuddels are, so I don't know if that fine sounds lenient, right or high. Yet as it's a large breach it seems fitting of no warning first, considering the scale of negligence, mitigated by their "exemplary cooperation" afterwards.
Which goes to show why the regulators get the discretion to decide appropriate action from warning only to maximum fine. Without context and aggravating and mitigating factors we can't know, which was my point. If a penalty is disproportionate there's well worn appeal tracks.
Other comments seem to point to the small case in OP comment being some guy running a list to harass people, which seems like a huge aggravating factor to me. Maybe he got one warning, maybe in context he didn't deserve even that.