Identifying entanglement-based order parameters characterizing topological systems has remained a major challenge for the physics of quantum matter in the last two decades. Here we show that squashed entanglement between the system edges, defined in terms of the edge-edge quantum conditional mutual information, is the natural order parameter for topological superconductors and for systems with edge modes. In the topological phase, the long-distance edge-edge squashed entanglement is quantized to log(2)/2, half the maximal Bell-state entanglement, and vanishes in the trivial phase. Such topological squashed entanglement exhibits the correct scaling at the quantum phase transition, discriminates between topological order and ordered phases associated to broken symmetries, counts the number of Majorana excitations for systems of increasing geometrical complexity, and is robust against the effects of disorder and local perturbations. In fact, it turns out to be a valid signature of topological order even for systems with weakened bulk-edge correspondence. Squashed entanglement is defined for all quantum states, reducing to the von Neumann entanglement entropy on pure states. As such, it provides a unified framework for the characterization of topological order in any dimension and, moreover, can be generalized to any setting, including finite temperature, multipartite correlations, and nonequilibrium. Squashed entanglement and quantum conditional mutual information are defined in terms of linear combinations of reduced entropies and can thus be probed using currently available experimental setups and techniques.