This should work:
UPDATE `forums_USER_PROFILE` SET `USER_FLOOD_CONTROL_OVERRIDE` = '-1' WHERE `forums_USER_PROFILE`.`USER_FLOOD_CONTROL_OVERRIDE` = '';
All of mine are set to NULL though
I think you should just be able to:
UPDATE `forums_USER_PROFILE` SET `USER_FLOOD_CONTROL_OVERRIDE` = '-1';