Final answer:
The industry-recognized standard list of common vulnerabilities is the OWASP (Open Web Application Security Project) Top Ten. It is a crucial document for web application security, providing guidelines to prevent data breaches and help ensure online privacy and security.
Step-by-step explanation:
The industry-recognized standard list of common vulnerabilities referred to in the question is the OWASP (Open Web Application Security Project) Top Ten. This list is maintained by a non-profit organization and represents a broad consensus about the most critical security risks to web applications. The OWASP Top Ten provides a powerful awareness document for web application security and serves as a guide for developers, security professionals, and organizations to better understand and address these risks. The fact that data breaches at major companies have exposed millions to identity theft underpins the importance of adhering to such standards to ensure online privacy and security.
The PCI DSS is a security standard for organizations that handle branded credit cards, ISO 27001 is a specification for an information security management system, and HIPAA Security Rule is a series of regulatory standards that outline the lawful use and disclosure of protected health information. However, none of these are as directly related to a list of web application vulnerabilities as the OWASP Top Ten.