What are the consequences of violating this law?

Fines for not complying to above laws can be costly, depending on the degree of violation.
For GDPR fine range from €10 to €20 million, or 2% to 4% of the corporation’s worldwide annual revenue.
CCPA fines range from $2,500 for unintentional to $7,500 for intentional violation, per violation. One “violation” occurs per consumer.