Hi,
Starting with our SDK 15.7 ESD#6 or higher you can use the ocs.cfg with both Perl and Python and inturn use the password encryption: SyBooks Online
It depends on your version of Sybase Central when you create a new ASE connection in the advanced tab put encrypt_password=true
Toad for Sybase should work also. I am not sure what version you are using the new version uses our ado.net driver so wondering if that software allows it.
Dawn