The most efficient way to read a file into a list of strings

What is the most efficient way from the time consumed to read a text file into a list of binary strings in erlang ? The obvious solution

-module(test).
-export([run/1]).

open_file(FileName, Mode) ->
    {ok, Device} = file:open(FileName, [Mode, binary]),
    Device.

close_file(Device) ->
    ok = file:close(Device).

read_lines(Device, L) ->
    case io:get_line(Device, L) of
        eof ->
            lists:reverse(L);
        String ->
            read_lines(Device, [String | L])
    end.

run(InputFileName) ->
    Device = open_file(InputFileName, read),
    Data = read_lines(Device, []),
    close_file(Device),
    io:format("Read ~p lines~n", [length(Data)]).

becomes too slow when the file contains more than 100000 lines.