Major cyber attacker ransomware has hit the world in may 2017. Two lakh establishments, 150 countries and many organizations has become the victim of this malware. Europe, USA and UK national health services severely got affected. Ransomware is a type of malware that tries to extort a payment from its victim after getting into the computer through anonymous spam attachments. Afterwards, it seeks money from user in order to gain access to your data. For getting decryption key, user has to pay through bitcoins. This paper briefly describes what is this malware, how does this works and ways to prevent such type of cyber attack. This paper also highlights the position of Indian Legal System on ransomware. It briefly discusses the remedies under Indian laws the penetration statics of cybercrime in India and major challenges faced to tackle such crime.