We consider the transmission of confidential data over wireless channels with multiple communicating parties. Based on an information-theoretic problem formulation in which two legitimate partners communicate over a quasi-static fading channel and an eavesdropper observes their transmissions through another independent quasi-static fading channel, we define the secrecy capacity in terms of outage probability and provide a complete characterization of the maximum transmission rate at which the eavesdropper is unable to decode any information. In sharp contrast with known results for Gaussian wiretap channels (without feedback), our contribution shows that in the presence of fading information-theoretic security is achievable even when the eavesdropper has a better average signal-to-noise ratio (SNR) than the legitimate receiver ? fading thus turns out to be a friend and not a foe.