Reposting this from *ishal ismail, which solved the problem for me. Many thanks, Ishal!
Here is my fix, I'm on macOS Catalina V10.15.6, PS V22. I gave PS Full Disk Access and restarted the system, seems like it has fixed the problem for now.
You can go to System preferences > Security & Privacy > Full Disk Access ( You can find it on the left side pane > and add PS to the list by pressing the small + icon you can find on the bottom of the left-side pane.