NAICS Sector Risk: Which Industries Have the Most Fraud Indicators

Composite risk analysis of 25 NAICS 2-digit sectors and 111 4-digit sub-industries. Construction ranks highest with a score of 56.3, followed by Mining, Quarrying, Oil and Gas (55.5) and Transportation (52.8). Scoring combines PPP anomaly rates, SBA default rates, OSHA fatalities, wage theft enforcement, and sector-specific indicators.

Based on 967,000+ PPP loans, SBA 7(a)/504 chargeoff data, OSHA 2023 fatality records, and DOL wage theft enforcement actions. Total PPP anomalies across all sectors: 19,181. Total SBA chargeoffs: $6.27 billion.