Existing SecurityGroups can be updated using SecurityGroupIngress
For example:
"SecurityGroupRedisIngress": { "Type": "AWS::EC2::SecurityGroupIngress", "Properties" : { "GroupId": "sg-123456789", "IpProtocol": "tcp", "FromPort": "6379", "ToPort": "6379", "CidrIp": "1.2.3.4/0" } },