Security has emerged as one of the critical requirements in future wireless networks. Unlike traditional cryptography-based security, physical layer security (PLS) exploits various features of the random wireless channel to secure not only the information being communicated but the whole communication process from any type of attack. Future wireless networks are envisioned to feature new technologies such as re-configurable intelligent surfaces, massive multiple input multiple output, and sensing, to accommodate the emerging use-cases. Both, the new technologies and the new use-cases have been found to enrich the channel characteristics by unveiling some new channel features which can be readily exploited to facilitate PLS. This article surveys these new channel features to reveal their potential for PLS implementation. In the course of the article, the assessments of important qualities while selecting a certain channel feature for the PLS application are discussed. The importance of the channel control concept and sensing technologies that facilitate the accessibility of certain channel features are highlighted from the PLS perspective. Security attacks aimed at channel characteristics, rather than the communication itself, in order to disrupt PLS implementations are also discussed. Finally, the article summarizes the possible research direction for channel-based PLS.