Apache:How to config for php-cgi.exe

Question

I have configured apache for using php-cgi as follows:

<Directory "c:/wamp64/cgi-bin">
    AllowOverride All
    Options +ExecCGI
    AddHandler cgi-handler .php
    Action cgi-handler /local-bin/php-cgi.exe
    Require all granted
</Directory>

But since the accessibility of php-cgi.exe requires to have permission, I have used the following block:

<Directory "c:/wamp64/bin/php7">
    Require all granted
</Directory>

Will this cause any security problem? If yes, then what is the solution?