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.