Check you've not got anything else trying to access that folder, e.g: Windows Defender (or any other Virus Checker),
Microsoft OneDrive, or any other Cloud drive.
So go into the config of all of these and make sure your Cakewalk Projects folder is excluded from any scan or sync.
[Edit] - it's not just your Cakewalk Projects folder that will need excluding, you'll also need to make sure your picture and Global Audio Folder are also excluded, and optionally any other folder in the "Folder Locations" listed in Cakewalk preferences.